Creditors of Tom Girardi and his Los Angeles law firm, Girardi Keese, are planning to file an involuntary bankruptcy petition within 48 hours, according to a lawyer for a litigation funder at a hearing Wednesday.

U.S. District Judge Thomas Durkin of the Northern District of Illinois called the telephonic hearing to discuss the appointment of a trustee to manage the assets of Girardi and his firm, which he froze after imposing a $2 million judgment against them Monday. Durkin, who oversees lawsuits brought against Boeing over the Max 8 aircraft crash in 2018 in Indonesia, had concerns that Girardi and his firm may have stolen money from their clients.

This content has been archived.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

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]