April 12, 2023
Bankruptcy trustees for former trial lawyer Tom Girardi and his law firm Girardi Keese have urged a Los Angeles federal judge to toss objections to their plan to pay off a lender accused of playing a role in the firm's scandalous downfall, saying Wednesday the payment would resolve costly litigation and clear the way for money to flow to other creditors.
February 07, 2023
A California federal judge has thrown out the Girardi Keese bankruptcy trustee's claims that New York litigation lenders owned by a convicted felon drove thousands of cases to disgraced attorney Thomas Girardi and his law firm and helped him loot millions of dollars from clients, counsel for the funders confirmed Tuesday.
January 10, 2023
The bankruptcy trustee for Girardi Keese on Tuesday accused a California bank of allowing the firm to misappropriate client funds despite numerous red flags and "suspicious activity" that she said "could not have gone unnoticed" by the financial institution, according to a complaint filed in federal bankruptcy court.
January 10, 2023
Ten former Girardi Keese attorneys may owe $9.4 million to the firm to repay checks and personal charges on their company credit cards, the firm's bankruptcy trustee alleged in a series of adversary actions filed this week in Los Angeles.
January 05, 2023
In the seven years before Girardi Keese went bankrupt, the Los Angeles law firm spent over $48 million on nonbusiness-related expenses such as paying off its employees' gambling debt, bankrolling live entertainment productions, and bleeding millions into possibly fraudulent "straw" companies, according to the firm's bankruptcy trustee.
September 01, 2022
New York litigation lenders owned by a convicted felon drove thousands of cases to Thomas V. Girardi and helped him "loot" more than $23 million from his clients' trust accounts for years before his firm Girardi Keese fell into insolvency, according to an explosive new adversary complaint filed in Los Angeles bankruptcy court.
August 30, 2022
A family of Girardi Keese victims sued litigation lenders and other secured creditors in the defunct law firm's bankruptcy case Tuesday, saying the lenders improperly accepted money that belonged to the law firm's clients and challenging the validity and priority of more than $37 million in claims.
June 29, 2022
The U.S. Supreme Court took up a lease fight between Sears Holdings and the Mall of America, Gulf Coast Health Care got its Chapter 11 plan confirmed, and contractors owed money by the owner of the Carolina Panthers want a bankruptcy venue transfer. This is the week in bankruptcy.
June 28, 2022
Reality television star Erika Girardi must turn over to a bankruptcy trustee a pair of diamond earrings that her estranged husband, the disbarred attorney Thomas V. Girardi, bought in 2007 for $750,000, a Los Angeles bankruptcy judge said Tuesday, finding that it was clear that stolen funds were used to buy them.
May 09, 2022
The California bar and the trustee for the bankrupt Girardi Keese firm asked a federal judge on Monday to approve a deal in which the trustee will share records with the bar for an ongoing probe of its handling of past complaints against Thomas V. Girardi.