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In reply to the discussion: Avenatti is awesome! It is about damn time! [View all]Qutzupalotl
(15,755 posts)A law firm of Stormy Daniels' attorney Michael Avenatti was hit with a $10-million judgment Tuesday in U.S. Bankruptcy Court after he broke his promise to pay $2 million to a former colleague.
Judge Catherine Bauer of U.S. Bankruptcy Court in Santa Ana ordered Eagan Avenatti to pay the $10 million to Jason Frank, a lawyer who used to work at the Newport Beach firm. "At this point, that's what's appropriate," Bauer said at a brief hearing.
To settle his law firm's bankruptcy, Avenatti personally guaranteed in December that it would pay Frank $4.85 million. But he and Eagan Avenatti failed to pay the first $2 million installment that was due last week, triggering Tuesday's judgment.
The firm is also delinquent on $440,291 in back taxes, penalties and interest that Avenatti promised would be paid last week, Assistant U.S. Atty. Najah Shariff told the bankruptcy judge.
http://www.latimes.com/politics/la-na-pol-avenatti-bankruptcy-20180522-story.html