Girardi Bankruptcies Lay Bare Life of Excess at Others’ Expense

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Publish Date:
November 9, 2022
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Source:
Bloomberg Law
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Summary

Edelson PC, the Chicago-based law firm that was local counsel in the Lion Air litigation, in July filed a racketeering lawsuit against Girardi Keese, some of its former attorneys, litigation funders, and the Girardis, alleging they operated a long-running Ponzi scheme.

“The Complaint paints a picture of a reverse Robin Hood,” Nora Freeman Engstrom, a Stanford Law School professor who specializes in legal ethics, said in an email. “It depicts a firm stealing from the injured, grieving, and destitute to give to the rich, to fund Tom and Erika Girardi’s lavish lifestyle.”

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