Erika Girardi‘s husband, Tom Girardi, is being accused of taking out a $15 million loan to fund his lavish lifestyle. And now the lender is coming after him for the funds.
According to The Blast, Mr. Girardi and his law firm, Girardi Keese, “are being sued by a company named Law Finance Group. The company loaned Girardi a total of $15 million to fund the operations of his firm.”
In the court documents, Tom is described as a “prominent and well-known” Los Angeles based attorney who’s even more well known for his luxe lifestyle.
“It is now apparent that Mr. Girardi’s reputation is exceeded only by the lavish nature of his lifestyle,” states the court documents.
The lender claims that Girardi broke their agreement and refused to make a single payment on the $15 million loan.
In fact, the lender says that the loan was “used to maintain Mr. Girardi’s lavish lifestyle and to keep his prominent law firm financially afloat.”
As part of the agreement, Girardi promised: “to use the proceeds from his law firm and all legal fees as collateral.”
In August 2018, Law Finance Group and Girardi agreed to a repayment plan but the lender says Girardi breached that agreement.
The deal involved Girardi making monthly payments, in addition to a “$1 million payment by the end of October” and a “$5 million by January 1.”
Girardi also allegedly promised to use his Pasadena home as collateral in case he failed to make payment. Now due to Girardi’s “hollow promises,” Law Finance Group is suing him for $15,151,989 and other damages.
Meanwhile, Tom Girardi is denying all the claims made by Law Finance Group.
In a statement to The Blast, Girardi says: “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.”
Yikes. Seems like the RHOBH can’t catch a break with all these lawsuits!