Pierce Bainbridge Financial Issues
Like Avenatti, Pierce Bainbridge has had severe financial issues. The firm reportedly owes litigation funder Virage Capital Management $65 million. Millions more is owed to others; and recent Virage filings appear to confirm that Pierce Bainbridge quadruple-pledged collateral in exchange for millions in cash.
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LOS ANGELES – A disbarred personal-injury lawyer was found guilty by a federal jury today of …
Is Michael Avenatti broke?
Michael Avenatti is broke and can’t pay his legal fees, the California attorney who has represented the discredited lawyer for more than a year claims. Dean Steward filed a motion in federal court Saturday detailing Avenatti’s financial woes and is now asking for taxpayer help to cover his costs.
Why did Avenatti leave custody?
Avenatti, like many others imprisoned, was allowed to leave federal custody because of coronavirus concerns. Since April he’s been living in the Southern California home of a childhood friend under strict rules imposed by the court.
What is Avenatti accused of?
He was convicted in February of trying to extort millions of dollars from Nike and is also accused of bilking money from Stormy Daniels , his most famous client. Avenatti has yet to be sentenced in the Nike case and is awaiting trial in the other two.
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