Bloomberg Law
Dec. 17, 2020, 12:22 AM

Girardi Keese Bankruptcy Appears Imminent After Lion Air Hearing

An Illinois federal judge likely won’t need to appoint a receiver for the assets of plaintiffs’ attorney Thomas Girardi and his law firm Girardi Keese despite holding them in contempt of court and freezing their assets two days ago for failing to pay out $2 million in Lion Air crash settlement funds to their clients, based on a Wednesday court hearing.

Counsel for nonparty California Attorney Lending made a special appearance to notify the U.S. District Court for the Northern District of Illinois judge that involuntary bankruptcy petitions will be filed by unsecured creditors in federal court in California within ...