Avenatti The Slayer

Discussion in 'Politics' started by exGOPer, May 11, 2018.

  1. elderado

    elderado

    #31     May 22, 2018
    Poindexter likes this.
  2. vanzandt

    vanzandt

    *****Edit... my bad.... posted above.*******

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



    The law firm of adult film star 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 the Eagan Avenatti law firm 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 has also defaulted on just over $440,000 in back taxes, penalties and interest that he had personally promised to pay the Internal Revenue Service under another bankruptcy settlement for his law firm.

    Assistant U.S. Atty. Najah Shariff told the judge that the federal government would soon file a motion demanding payment.

    Under the Jan. 30 bankruptcy settlement, Avenatti personally agreed to pay the IRS $2.4 million in back taxes, penalties and interest, court records show.

    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.

    Politics

    Trump meets his match: Stormy Daniels' combative lawyer Michael Avenatti
    Apr 07, 2018 | 4:00 AM

    Avenatti has paid $1.5 million of what was due, but missed the deadline last week for paying the next installment of $440,291, according to the U.S. attorney's office in Los Angeles.

    Avenatti, who has blamed the unpaid taxes on an unnamed payroll company, accused the Los Angeles 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.

    Frank alleges that Avenatti's firm cheated him out of millions of dollars in compensation for his work.

    In a settlement of his firm's bankruptcy case, Avenatti personally promised to pay Frank $4.85 million, starting with the $2 million that was due last week.

    Avenatti agreed that if he missed the deadlines for turning over the money, he would accept a Bankruptcy Court judgment ordering his law firm to pay Frank $10 million. That includes the $4.85 million that he'd personally guaranteed.

    Frank initially tried to collect the money through arbitration.

    The three retired judges who oversaw the arbitration ordered Eagan Avenatti to give Frank the tax returns and financial records that he needed to calculate the exact amount he was owed.

    When the firm failed to give Frank the documents, the former judges concluded that Eagan Avenatti "acted with malice, oppression and fraud" in defying their order.
     
    #32     May 22, 2018
    smallfil likes this.
  3. Cuddles

    Cuddles

    Rough...hopefully he pulls a Trump and recovers
     
    #33     May 22, 2018
  4. exGOPer

    exGOPer

     
    #34     May 29, 2018
  5. Cuddles

    Cuddles

    WSJ doing catch and kill for Trump huh?
     
    #35     May 29, 2018
  6. exGOPer

    exGOPer

     
    #36     Jun 18, 2018
  7. Cuddles

    Cuddles

     
    #37     Jun 20, 2018
    Tony Stark and exGOPer like this.
  8. Cuddles

    Cuddles



    This man's salvage af; 2:09, hilarious
     
    #38     Jul 2, 2018
    Tony Stark likes this.
  9. wildchild

    wildchild

    I thought Trump was done after the Stormy Daniels 60 Minutes piece.

    I know you are going to get Trump this time.

    [​IMG]
     
    #39     Jul 2, 2018
  10. Cuddles

    Cuddles

    [​IMG]
     
    #40     Jul 4, 2018