$19 Million Verdict Shakes Insurance Industry: Jury Sides with Jet Owner Against Starr Indemnity in High-Profile Seizure Case
Santa Barbara, CA — The owner of a jet, Passport 420, has been awarded a $19 million judgment against Starr Indemnity & Liability Company. The insurer had denied a claim after the jet was seized, arguing that one of its owners, attorney Michael Avenatti, purchased his share using stolen funds. The jet in question, a HondaJet HA-420, was seized in 2019 at the Santa Barbara Airport. This followed the indictment of Avenatti, who is currently serving a 14-year sentence in federal prison for pilfering settlement monies from his clients, funds which were used among other … Read more