It wasn’t a legal slam dunk, but a Chicago jury on Monday awarded $2 million to former National Basketball Association star Scottie Pippen in a malpractice suit against a law firm that represented him in a business deal that went bad.
Pippen sued the Chicago law firm Pedersen & Houpt for more than $8 million in connection with his ill-fated 2002 purchase of a Gulfstream jet, alleging that the firm did not look out for his financial interests. The lawsuit initially was filed in Cook County, Ill., Circuit Court in 2004, but was stayed for several years while a co-defendant underwent bankruptcy proceedings. Pedersen & Houpt has about 30 attorneys and specializes in counseling startup companies, real estate developers and high-net-worth individuals.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]