In Tom Girardi's early law career, he made a name for himself by taking on big companies such as Lockheed Corp and Pacific Gas & Electric, the company behind the famous water pollution case in Erin Brockovich. Per Celebrity Net Worth, he became famous for winning a medical malpractice suit with an enormous settlement of more than $1 million. Between his many big lawsuits and his standing at his own law firm — not to mention jewelry, antiques, two private planes, and a $15 million Los Angeles estate — he was estimated at a net worth of $264 million in 2015. However, he also claimed the legal fees his law firm owed were more than $110 million.
Creditors and claimants are now suing Girardi for the money they say he never paid out for lawsuits his firm settled. Some have gone so far as to bring about fraud and embezzlement charges, including one creditor, Law Finance Group, who noticed that millions of dollars were going into Erika Jayne's entertainment corporation instead of being paid to Girardi's clients (via Bloomberg Law).
Girardi's law firm was forced into Chapter 7 bankruptcy in December 2020, and two of his former partners also say they're owed money. But Girardi no longer seems to have any. In a testimony reported by the Los Angeles Times, Girardi said the reportedly $80 million holdings he had and his $50 million stock portfolio were now "all gone." Celebrity Net Worth says Girardi is now worth $100,000.
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