Famed attorney Gloria Allred said that the Tom Girardi case shocked her because she’s known Girardi for decades. She recalled the last time she saw Girardi and added that she’s seen other high-profile attorneys take a fall. While she doesn’t know Erika Jayne from The Real Housewives of Beverly Hills, she said the allegations against her will be heavily scrutinized and investigated.
Gloria Allred shares her thoughts on the Tom Girardi case
Allred discussed the Girardi case and offered her thoughts on its twists and turns. “I have known Tom Girardi for many decades,” she said on the Behind the Velvet Rope with David Yontef.
The Tom Girardi case shocked Gloria Allred. She’s seen here with Erika Jayne honoring by LGBTs In The News at Los Angeles Press Club in 2015|David Buchan/Getty Images
“He was a leading plaintiff’s lawyer. Did a great job for many, many victims of all kinds of wrongful acts,” she recalled. “And this is so sad what has happened to him. But even sadder for many of his clients who alleged that he misappropriated their funds. Victims of airplane crashes, victims’ families, and so forth. That is a no-no for any state bar, for any lawyer. Put it in plain English that a lawyer must segregate that is put in a separate account client trust account funds that are due to the client like settlement funds and must not touch them.”
“[Attorneys] must not take loans for personal use of the lawyer against those funds, even thinking, oh, though, they’ll repay them one day,” she continued. “Lawyers can lose their license to practice law. If they do that, Tom Girardi has lost his license to practice law. Michael Avenatti has had his bar license suspended in California. He’s been convicted of felony crimes. So, you know, it is very sad. I’ve seen many, many high profile lawyers essentially take the fall. The trapdoor opens and they fall through it because they take unacceptable risks.”
How does it typically work when it comes to transferring funds to clients?
“I think I’m one of the few high-profile lawyers who have survived for 45 years and is still practicing,” she exclaimed. “I mean, I can name many who are not because we believe in ethics. We believe in following our ethical duties, which are mandated for lawyers. We don’t get anywhere near that ethical line and take risks. Any decision we make, we resolve in favor of our clients. When any money comes in for our clients through settlements. And money’s coming in every day for our clients through settlements, or as a result of judgments in a court of law. In advance, we have our client’s wiring information and wire it right out as soon as it comes in to the client.”
“So there’s never going to be an issue,” she emphasized. “Because they’re going to get their money right away. And they’re not going to be any excuses about why they can’t have it.”
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Source:: Showbiz Cheat Sheet