Thomas Girardi. Photo: Christine JeganLitigation Funder Claims Tom Girardi Hasn't Paid Big Chunk of $16M Settlement
Law Finance Group claims the prominent plaintiffs attorney and husband of Real Housewives of Beverley Hills cast member Erika Jayne has only paid $10 million of a settlement that came due last month.
July 12, 2019 at 01:59 PM
3 minute read
The original version of this story was published on The Recorder
A litigation funder that sued prominent plaintiffs attorney Thomas Girardi over unpaid loans claims that he has failed to completely pay up on a $16 million deal to settle the case.
Lawyers for Law Finance Group filed court papers in LA Superior Court this week indicating that the Mill Valley-based litigation funder reached an agreement in May to settle claims that Girardi refused to turn over fees he and his firm Girardi Keese earned from cases that were promised to repay loans totaling $12,240,000 before interest.
Girardi agreed to pay Law Finance Group $16 million after a mediation session with retired Court of Appeal Justice Howard Wiener under the agreement, which was attached to a declaration filed by the funder's lawyers at the Eisner law firm. Girardi agreed to pay the amount in full by June 7, but the Eisner lawyers claim that Girardi only paid $10 million by the settlement's due date. They also claim he hadn't made any additional payment by the time of their July 8 filing.
The Eisner lawyers went to court this week seeking a judgment on the remaining $6 million, but were denied their initial, ex parte request.
Eisner's Leslie Corwin said that he and his client would let their court papers speak for themselves. Girardi didn't immediately respond to a request for comment.
Law Finance Group initially sued Girardi and his firm in California state court in January. Girardi, who is married to “Real Housewives of Beverley Hills” cast member Erika Jayne, has increasingly seen his finances scrutinized in court of late. Girardi, the firm, and Jayne were hit with another lawsuit in federal court in Arizona by lender Stillwell Madison in May claiming Girardi failed to keep up with payments on a loan of more than $5 million taken out to fund the firm's caseload. The Arizona suit, filed by lawyers at DLA Piper, claims Girardi failed to inform Stillwell Madison that he'd fallen behind on the loan from Law Finance Group.
According to a search of the Arizona docket Friday, that suit remains pending but defense counsel hasn't yet made an appearance for Girardi.
Read Law Finance Group's Declaration:
[falcon-embed src="embed_1"]
Read more:
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?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Why the Founders of IP Boutique Fisch Sigler Are Stepping Away From the Law and Starting an AI Venture
‘How to Succeed as a Trial Lawyer’: Talking Shop With Author and Veteran Litigator Stewart Edelstein
Litigation Leaders: Labaton’s Eric Belfi on Running Case Investigation, Analysis and Evaluation In-House
Trending Stories
- 1Litigation Leaders: Greenspoon Marder’s Beth-Ann Krimsky on What Makes Her Team ‘Prepared, Compassionate and Wicked Smart’
- 2A Look Back at High-Profile Hires in Big Law From Federal Government
- 3Grabbing Market Share From Rivals, Law Firms Ramped Up Group Lateral Hires
- 4Navigating Twitter's 'Rocky Deal Process' Helped Drive Simpson Thacher's Tech and Telecom Practice
- 5Public Notices/Calendars
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
