The King of Class Actions
Tom’s law practice has won clients literally billions of dollars over the years. His largest settlement was $4.85 billion paid by pharmaceutical company Merck, in connection to a pain medication called Vioxx.
Tom was admitted to the Trial Lawyer Hall of Fame in 2014.
Tom assessed his personal net worth to be $264 million in a loan application from 2015. That same year, wife Erika Jayne began starring on “The Real Housewives”.
Clients alleged they had been denied settlement distributions totaling millions of dollars and there were accusations of embezzlement. There were allegations that Tom and Erika used client funds to finance their lifestyle, which at one point included TWO private jets and $40,000 spent each month on Erika’s hair, makeup and clothes.
Unfortunately, creditors will still fall about $25 million short of the $57 million total alleged obligation even if they recover the $20 million and the profits from the sale of the Pasadena mansion.
Erika’s place in the cast of “The Real Housewives of Beverly Hills” is still listed. Today she is apparently living in a $10k-per-month rental in an LA neighborhood called Hancock Park. She is still amazingly far from Beverly Hills! With minimal traffic, it takes at least 30 minutes to travel from Beverly Hills to Hancock Park.
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