Tom Girardi appeared in court final week to defend himself more than an unpaid $15 million loan.
On April 24, Erika Jayne’s husband appeared in court as a defendant. The plaintiff, Law Finance Group, claims the 79-year-old Genuine Housewives of Beverly Hills star and his law firm, Girardi Keese in Los Angeles, borrowed $15 million to fund the operations in his firm but utilized the dollars “to keep Mr. Girardi’s lavish way of life.”
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Law Finance Group, based in Mill Valley, California is suing for the complete $15,151,989 owed and other damages and claim in documents that Girardi has not repaid the loan in accordance to a repayment strategy agreed upon in August 2018.
Earlier this month, Los Angeles Superior Court Judge, Gregory Alarcon, granted Girardi’s motion to compel arbitration.
But Law Finance Group filed a writ of attachment to safe some of Girardi’s assets, which include things like: Girardi Keese law offices, the firm’s bank account, and Girardi’s private assets. The Law Finance Group currently has a lien on Girardi’s Pasadena, California house featured on The Real Housewives of Beverly Hills.
In court, the judge presiding more than the case stated that he’s created a tentative selection on the matter but permitted each sides to mediate for a further two weeks prior to issuing a ruling.
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Tom Girardi, 79, called the asset move a “charade,” — in an April 17 court filing responding to the plaintiff’s writ.
“What is abundantly clear from the filing of the complaint and this application for writ of attachments is that this matter is not driven by the wish to enforce the terms of the agreement but to precise retribution and to defame the reputation of Thomas V. Girardi beneath the guise of litigation privilege,” he wrote.
In a statement, he named the lawsuit “fraudulent, slanderous and an abuse of the legal approach,” especially provided that Law Finance Group owner Alan Zimmerman had a lien on his Pasadena house.
“Law Finance insisted that any and all disputes or troubles regarding the loan go to mandatory arbitration,” he wrote. “Despite this agreement, the law firm filed a baseless case against the law firm and me personally complete properly being aware of they had sufficient protection in the kind of my private assets.”
In a reply filed Monday, Law Finance Group stated Girardi does not have the funds to spend back the loan and is “actively soliciting a lot more than $30 million in further loans.”
The plaintiff also claims that Girardi “embarked on an abusive campaign of threats and intimidation, for no other cause than the filing of this lawsuit,” such as threatening to file a defamation suit against Law Finance Group.
Also, Law Finance Group accuse Girardi of “funneling millions of dollars” to an individual else [Erika Jayne], whose name is redacted, “through loans to her enterprise.”
“The reality that Girardi is applying his law firm to fund” that person’s “career is troubling, specifically when the law firm does not have the potential to spend its obligations,” Frost wrote.
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