Judge Orders Tom Girardi To Pay Company $6 Million Over Delinquent Payment Or Risk Losing Mansion!
Erika Jayne’s husband Tom Girardi keeps falling further into debt and not paying his bills.
According to court documents, a judge has ordered Tom Girardi to pay Law Finance Group a total of $6,000,000, which will grow with interest until paid off, after he breached a settlement agreement.
As reported, Tom Girardi settled a lawsuit with a company named, Law Finance Group — and agreed to pay the creditor $16 million but defaulted on the payments.
The parties in the suit went to arbitration and Girardi agreed to pay back the entire debt by July 7, 2019. He made a payment of $10 million on June 7, but failed to pay the remaining $6 million by the July 7 deadline.
The Real Housewives of Beverly Hills husband originally agreed to use the Pasadena home he lives in with Erika Jayne as collateral to secure the loan from Law Finance Group, the same home featured on “Real Housewives of Beverly Hills.”
Law Finance Group rushed to court demanding a judgment in the amount of $6 million. The judge agreed and found Girardi in breach of the settlement. And ordered him to make the payment immediately.
Earlier this year, Law Finance Group sued Tom Girardi and his law firm, Girardi Keese, for $15,151,989 over an unpaid loan. The deal was for him to make monthly payments, along with a $1 million payment by the end of October. The Law Finance Group accused Girardi of not repaying the loan in accordance to a repayment plan agreed upon in August 2018.
Law Finance Group claims the 79-year-old Real Housewives of Beverly Hills star used his funds intended for the operations of his law firm but used the money to maintain Mr. Girardi’s lavish lifestyle.
As reported, The high-profile attorney and his law firm, Girardi Keese, were hit with another lawsuit — filed by one of the victims of the San Bruno, California gas pipeline explosion that occurred on September 9, 2010.
The suit claims Girardi and his firm, Girardi Keese, are withholding settlement money paid by PG&E (the gas company) to compensate for Joseph Ruigomez severe injuries and trauma. He was burned over 90% of his body in the gas explosion that claimed the life of his girlfriend, Jessica Morales.
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Nancy Zhāng is an Entertainment Blogger for All About The Tea. Nancy covers hot topics, recaps and celeb news. She loves to multi-task as a writer and a private chef. She received a B.S. in Mass Communications from LSU. Nancy’s married and the proud mom of 2 German Shepherds.