Stormy Daniels’ attorney Michael Avenatti was sued Wednesday for breach of contract by his former law partner Jason Frank.
Frank alleges that Avenatti violated a settlement agreement that had been reached in December. Under the terms of the settlement, according to the complaint, Avenatti’s law firm was to pay Frank $4.85 million, with a $2 million installment due by May 14. Avenatti failed to wire the installment, the complaint alleges.
In a statement to TPM, Frank’s attorney Eric M. George said that Avenatti’s law firm “entered into a crystal clear written settlement agreement to resolve a prior lawsuit brought by Jason Frank, his former law partner.”
“The settlement agreement was approved by a federal court and was a condition of his law firm exiting bankruptcy,” he said. “Under this settlement, Mr. Avenatti’s law firm was required to pay Mr. Frank $4.85 million, all of which was personally guaranteed by Mr. Avenatti.”
Avenatti, in an email to TPM, said that Frank was “trying to capitalize on the situation.”
“The suit is completely bogus. Who cares?” Avenatti said.
Read the complaint below:
- -Hiring More Journalists
- -Providing free memberships to those who cannot afford them
- -Supporting independent, non-corporate journalism