More than three years have passed since the State Bar said in a Sept. 27, 2022 news release:
"The State Bar of California’s Board of Trustees Chair Ruben Duran announced today that the State Bar is investigating attorneys Mark John Geragos (State Bar No. 108325) and Brian Stephen Kabateck (State Bar No. 152054) in connection with the Armenian Genocide insurance settlement funds from which dispersals were made in the U.S. and France."
Under fire for its dereliction in failing to act on complaints about Tom Girardi until his dishonesty became manifest and widely reported by the news media, that announcement was made, possibly for sake of publicity. The move could backfire if the two are exonerated for a fourth time—or what would possibly be a fifth time as to Geragos.
The State Bar will not comment on what progress has been made. A spokesperson said on May 30 of last year, in response to a METNEWS inquiry:
“At this time, we can provide no update beyond what was stated in our earlier September 27, 2022 release.”
Kabateck has attained multi-million dollar judgments and settlements; Geragos is a criminal defense lawyer whose clients have included Whitewater defendant Susan McDougal, former Rep. Gary Condit, actress Winona Ryder, and entertainer Michael Jackson.
Kabateck and Geragos obtained a $37.5 million settlement in separate actions against two insurers that failed to pay claims under life insurance policies issued to persons who were slain in the Armenian genocide. Prompted by Los Angeles Times articles suggesting that the lawyers mishandled funds, the State Bar is focusing on what happened to proceeds from a $17.5 million settlement with a French insurer in 2005.
While moneys are missing, the lawyers point out they had nothing to do with the distribution of the proceeds.
Geragos—who has said he will be suing the State Bar—remarked that the State Bar’s mention of Tom Girardi in its news release shows that “all they’re trying to do is deflect” attention from the debacle in failing to take action in response to decades of complaints about Girardi.
Kabateck asserted:
“This is a political stunt by the State Bar.”