Avenatti hit with 10 million in bankruptcy judgment

Discussion in 'Current Events' started by EvilEyeFleegle, May 22, 2018.

  1. EvilEyeFleegle
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    EvilEyeFleegle Gold Member

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    And the Fed wants its back taxes--oops!

    Law firm of Stormy Daniels attorney hit with $10 million judgment


    Brief quote:

    "The 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 had personally guaranteed that the $2 million would be paid to Frank last week, but both he and his firm failed to turn over the money.


    At the hearing, the U.S. Justice Department revealed that Avenatti's firm has also defaulted on back taxes that it promised to pay the Internal Revenue Service under another bankruptcy settlement.
    Assistant U.S. attorney Najah Shariff told the judge that the federal government would soon file a motion demanding payment of the back taxes."
    Nearly $1.3 million of that was for payroll taxes that his law firm withheld from employees, but did not turn over to the government.


    Avenatti has paid at least $1.5 million of what was due, according to the U.S. attorney's office in Los Angeles. But he and his firm missed an installment that was due last week, Shariff told the court.

    Avenatti, who has blamed the unpaid taxes on an unnamed payroll company, accused The Times of "purposely confusing me with a separate legal entity that has no role in the Daniels case."

    "Irrelevant," he wrote in an email responding to questions about the $10 million judgment against Eagan Avenatti and the missed tax payment. "Over blown. Sensational reporting at its finest. No judgment against me was issued nor do I owe any taxes."

    Avenatti is the lead equity partner in Eagan Avenatti, court records show. He has repeatedly sent emails to The Times about the Daniels case from an Eagan Avenatti email address, with Eagan Avenatti below the signature line.

    Frank attended the hearing, but declined to comment.

    Mark S. Horoupian, an attorney for Avenatti's firm, told the judge that the firm was not disputing Frank's right to a $10 million judgment under the terms of the bankruptcy settlement. After the hearing, Horoupian declined to comment.

     
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  2. BlackFlag
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    BlackFlag I haz hoisted it!

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    Ge’ll just have to quit the form to represent Stormy like how Rudy “quit” his to represent the dotard.
     
  3. shockedcanadian
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    shockedcanadian Platinum Member

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    I try not to kick a man when he's down, but one has to wonder if this is why he was on tv 24 hours, 7 days a week. Those appearance fees add up I suppose.
     
  4. Rambunctious
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    Rambunctious Gold Member

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    Well we won't be seeing that clown for a while.....
     
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  5. BlackFlag
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    BlackFlag I haz hoisted it!

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    Why? This won’t affect the Daniels lawsuit.
     
  6. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Sounds like Trump
     
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  7. Penelope
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    Penelope Gold Member

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    I'm quite sure it was made up, I said so this am.Its a set up.
     
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  8. BlackFlag
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    BlackFlag I haz hoisted it!

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    The similarities between the two are striking.
     
  9. Rambunctious
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    Rambunctious Gold Member

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    I never gave Stormy much credit for her level of intelligence but even she knows this clown will be a drag on her case....she will be seeking new representation....
     
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  10. Luddly Neddite
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    Luddly Neddite Diamond Member

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    Why?

    This has nothing at all to do with the Daniels case. Why would you think it does?

    Remember that we now have proof that trump paid and then lied about it.
     
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