EXCLUSIVE — Ex-NFL Star Terrell Owens Settles Ripoff Lawsuit!

Terrell Owens

Former football star Terrell Owens (Splash News photo)

flag-jocksWEST PALM BEACH — The lawsuit that out-of-work football star Terrell Owens filed in Palm Beach County against the high-profile law firm of Greenberg Traurig has been quietly dismissed, Gossip Extra has learned.

TO sued in 2011 because, he claimed, the firm and an attorney who allegedly acted as his financial adviser convinced him to invest $2 million into a Montgomery, Ala. entertainment center that included an electronic bingo parlor deemed illegal in the state.

Owens lost his money.

To make matters worse, his investment in a gambling operation constituted a violation of NFL policies!

The dismissal papers don’t make clear whether Owens got damages from the law firm and/or Palm Beach Gardens attorney Pamela Linden.

It simply mentions that both TO and the defendants have to pay their own legal bills.

“The matter has been amicably resolved,” said Michael Simon, the former San Francisco 49ers wide receiver’s attorney. “I can’t comment further.”

Greenberg Traurig’s spokesman didn’t return calls for comment.

Owens claimed in court papers that neither the law firm nor Linden disclosed to him that the project was in trouble after the developer was arrested for attempting to bribe Alabama state legislators.

Linden allegedly told Owens he’d make a 15-percent return on the investment.

Owens, 39, is said to have lost most of the estimated $80 million he made as a pro football player, mostly in bad business deals.

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