Scottie Pippen's $10 million defamation lawsuit against a slew of media companies has been rejected by the Supreme Court.

ESPN reported on Monday the court ruled it will not revive Pippen's suit in which the former Chicago Bulls star claimed several media outlets falsely reported he has filed for bankruptcy. Among the companies named in the suit were NBC Universal Media and CBS Interactive.

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In a prior ruling, the lower courts ruled that as a public figure, Pippen could not show the reports were "published with actual malice." ESPN adds the standard for such actions require that the "information was published knowing it was false or issued with reckless disregard for the truth."

Attorneys for Pippen had contended the targeted companies "acted with malice because they refused to correct or remove the erroneous reports from websites after being alerted to the error."

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The 48-year-old Pippen played 17 NBA seasons, winning six NBA titles with the Bulls and alongside Michael Jordan. A seven-time All-Star, Pippen was also named to the 50 Greatest Players in NBA history. Over his career, he averaged 16 points, six rebounds and five assists.

Pippen is the only player in history to have won an NBA title and Olympic gold medal in the same year twice (1992 and 1996). Pippen also starred on the 1992 Olympic Dream Team, widely considered the best team ever assembled.

Pippen is currently senior advisor in the Bulls front office.