Bankruptcy king Peter Francis Geraci loses $90 million court battle of his own

Bankruptcy king Peter Francis Geraci loses $90 million court battle of his own

Those who have spent any time in the Chicago area over the past few decades will recognize the name and face of Peter Francis Geraci.

He has been a mainstay in commercials promoting his legal business focusing on bankruptcy throughout the years. But it’s Geraci himself who has been doing battle in the courts recently.

“A federal jury last week rejected Geraci’s claim against R. William Amidon, a computer coder who once worked for him, and Thomas G. Macey, a rival bankruptcy attorney who Geraci alleged paid Amidon to steal computer programs,” Kim Janssen reported for the Chicago Tribune. “Geraci, who testified during the seven-day trial, had been seeking as much as $90 million (though the judge knocked his claim down to $2 million before the jury rejected it), claiming the software was the key to his business.”

It’s not the only legal battle the Geraci family has faced in 2017. Geraci’s spouse, Holly, “lost her appeal against a jury verdict that she’d attacked a dog walker in the couple’s River North condo building — an embarrassing reversal after the Geracis had spent four years and a small fortune trying to pin the blame on the walker.”

It’s not all bad news for the Geracis, though. In 2016, the couple closed on an $8.63 million deal for a 6,000-square-foot penthouse along North Michigan Avenue.

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