'RHOBH' Star Erika Jayne’s Husband Tom Reaches $16 Million Settlement Over Alleged Unpaid Loan
“Real Housewives of Beverly Hills” star Erika Jayne’s husband recently reached a settlement to pay $16 million owed to a lender, but allegedly failed to pay the remaining $6 million by the deadline.
According to court documents obtained by The Blast, Thomas Girardi reached a deal to pay $16 million dollars he allegedly owed to a company named Law Finance Group. The company sued him earlier this year in an attempt to collect on the money, saying he had failed to pay back a loan on time. Girardi demanded the suit be thrown out and denied wrongdoing.
In newly filed docs, Law Finance Group says they recently hashed out a settlement deal with Girardi where he agreed to pay back the entire debt by July 7, 2019.Girardi made a payment of $10 million on June 7, but the company accuses him of failing to pay the remaining $6 million by the deadline.
Law Finance Group attempted to get the court to grant them a judgment immediately in the amount of $6 million, but the court said they would hear it at a later hearing.
Earlier this year, Girardi and his law firm, Girardi Keese were sued by a company named Law Finance Group. The company claims they loaned Girardi a total of $15 million to fund the operations of his firm. The lender claimed Girardi breached a repayment plan they agreed to in August 2018. The deal was for him to make monthly payments, along with a $1 million payment by the end of October, and $5 million by January 1.
They also alleged in the suit that they believed the money was used “to maintain Mr. Girardi’s lavish lifestyle.”
The suit claimed Girardi originally agreed to use the Pasadena home he lives in with Erika Jayne as collateral in case he defaulted, the same home featured on “Real Housewives of Beverly Hills.”
Law Finance Group said Girardi had only made “hollow promises” to repay and had not paid a dime. They sued for the full $15,151,989 owed and other damages.
Girardi strongly disputed the allegations in the lawsuit and told The Blast, “The truth of the matter is this. I have not taken one penny from the law firm in the past three years. I have devoted everything to assist in the cases that we have here. Further, the money that was borrowed, we agreed to repay in approximately two weeks before the lawsuit. It is slanderous that the money was for my ‘lifestyle’ … every penny went for costs in cases that the firm is handling.”
Back in April, he scored a small victory in the case as the judge moved the battle to arbitration, outside of public view.
