Tom Girardi of Girardi Keese. Courtesy photo After Tom Girardi Fails to Pay Arbitration Fees, Lit Funder's Suit Routed Back to Court
An Arizona funder represented by DLA Piper last year sued the prominent California plaintiffs attorney and his wife—"Real Housewives of Beverly Hills" cast member Erika Jayne—claiming they used the loans designated for his firm to fund a "lavish lifestyle." The resolution of the suit over a more than $5 million loan has been punctuated with false starts.
October 14, 2020 at 04:58 PM
3 minute read
The original version of this story was published on The Recorder
A dispute between prominent plaintiffs attorney Tom Girardi and an Arizona-based litigation funder might wind up back in court after Girardi failed to pay the fees required to proceed with arbitration.
In May 2019, lender Stillwell Madison sued Girardi for failing to repay nearly $3.6 million of a more than $5 million loan. Stillwell alleges that Girardi failed to disclose that he defaulted on a loan from another funder before securing a forbearance agreement from Stillwell. Stillwell also alleges that Girardi and his wife, "Real Housewives of Beverly Hills" cast member Erika Jayne—who is named in the complaint alongside Girardi's firm Girardi Keese—have used the loans designated for his firm to fund a "lavish lifestyle."
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