JPMorgan Chase Bank is suing controversial NBA legend Paul Pierce because the former Boston Celtics player seems to have stopped paying the lease agreement for his luxury SUV.
The bank initiated a lawsuit against Pierce in Los Angeles Superior Court on Oct. 18. However, RadarOnline reported that he was officially served on Nov. 4 at his home at 11 a.m.
The issue revolves around a 2019 Range Rover lease; Pierce agreed to pay $3,445.28 per month until fully paid, but reportedly has yet to make payments since December 2021.
According to the lawsuit, the car still has a remaining balance of $91,459. Even though it is clearly stated in the legal documents that Chase has demanded the repossession of the vehicle, Pierce has refused to give it up.
Pierce, whose net worth has been estimated at $80 million, is one of the highest earners in NBA history, amassing an NBA salary that reached $198 million before he retired in 2017.
He was named an NBA Finals Most Valuable Player in 2008, was a 10-time NBA All-Star and four-time All-NBA Team member.
Pierce has been hit with a number of lawsuits over the years.
Earlier this year, the former Celtics small forward found himself settling with the SEC for crypto violations. In an agreement, he committed to paying $1.4 million for improperly promoting crypto securities without revealing the compensation he received, Fadeaway World reported.
RadarOnline reported that he was paid $244,000 to promote the securities.
Adding to his legal challenges, Pierce also contended with another lawsuit in 2022, concerning an alleged poker debt amounting to $180,000, plus interest.
Stephen Carmona alleged that he lent Pierce $150,000 during a private poker game in Los Angeles. Carmona claimed that Pierce lost $140,000 in the game and only repaid $10,000. Subsequently, Carmona asserted that he provided another $40,000 in a subsequent game, but Pierce failed to repay any of that amount.
