In recent years, Mike Lindell, the CEO of MyPillow and a prominent election denier, has faced significant legal and financial challenges.
Defending himself against defamation lawsuits by voting machine companies, Lindell’s attorneys are now seeking court permission to quit, citing millions of dollars in unpaid legal bills.
We take a dive into the ongoing legal battles and the financial decline of Mike Lindell’s business empire.
The Legal Battles Begin
Lindell’s troubles started when he publicly propagated former President Donald Trump’s unfounded claims that the 2020 election was stolen from him. Voting machine companies, such as Smartmatic and Dominion Voting Systems, took legal action against Lindell, accusing him of spreading false information and defaming their businesses.
Attorneys Seek to Withdraw
Attorneys representing Lindell in the defamation lawsuits have recently filed requests to quit the cases. Andrew Parker, one of Lindell’s lawyers, stated that Lindell owes the legal team millions of dollars and cannot afford the escalating legal expenses. Continuing to represent Lindell would put the firms at serious financial risk.
Financial and Legal Setbacks
Lindell’s legal battles have taken a toll on his business, MyPillow. Several major retailers, including Walmart, have discontinued selling MyPillow products due to the negative publicity surrounding Lindell’s claims. As a result, MyPillow has suffered significant financial losses, leaving Lindell in a difficult financial situation.
Lindell’s Financial Struggles
In an interview with The Associated Press, Lindell confirmed that he is currently facing financial difficulties and acknowledged that his lawyers need to make a living. He revealed that MyPillow has been decimated, losing hundreds of millions of dollars. Lindell’s remaining assets include his home and pickup truck.
Blaming Others
Lindell blames Dominion, Smartmatic, and the news media, including conservative outlets such as Fox News and Newsmax, for his financial troubles. He believes that they are trying to silence him and prevent him from discussing election security. Despite the setbacks, Lindell remains defiant and vows to continue fighting.
Bankruptcy and Debt
Although Lindell is struggling financially, he stated that he has no plans to file for bankruptcy for himself or MyPillow. He asserts that he has no other debts besides the unpaid legal bills. Lindell intends to find new lawyers to continue defending himself in the ongoing lawsuits.
The Legal Landscape
Lindell is facing defamation lawsuits from both Smartmatic and Dominion Voting Systems. Smartmatic filed a lawsuit seeking over $1 billion, while Dominion’s lawsuit is seeking $1.3 billion in damages. The lawsuits also target other Trump allies, including Rudy Giuliani and Sidney Powell.
Settlement with Fox News
Dominion Voting Systems previously reached a nearly $800 million settlement with Fox News in April. The settlement served as a significant blow to Lindell’s claims, as Fox News had previously provided a platform for Lindell to voice his election conspiracy theories.
Additional Lawsuits
Apart from the lawsuits filed by Smartmatic and Dominion, Lindell is also involved in a defamation lawsuit filed by Eric Coomer, former director of product strategy and security for Dominion. Lindell’s legal team has requested permission to withdraw from this case as well.
MyPillow’s Financial Woes
The decline of MyPillow’s business can be attributed to the fallout from Lindell’s controversial claims. Major retailers discontinuing the sale of MyPillow products and negative public perception have severely impacted the company’s revenue.
Auctioning Off Equipment
To cope with the financial challenges, MyPillow has resorted to auctioning off equipment and subleasing manufacturing space. This downsizing strategy aims to cut costs and streamline operations as the company shifts its focus to direct sales.
Breach of Contract Settlement
In addition to the legal battles, Lindell was ordered by an arbitration panel to pay $5 million to a software engineer for breach of contract. The dispute arose from Lindell’s claims of Chinese interference in the 2020 elections, which he attempted to support with data during his “Prove Mike Wrong Challenge” and “Cyber Symposium” events.
The legal battles and financial struggles faced by Mike Lindell paint a challenging picture for the CEO and his company, MyPillow. Defending himself against defamation lawsuits by voting machine companies has taken a toll on Lindell’s finances. Despite the setbacks,
Lindell remains defiant and determined to continue fighting. The future of MyPillow and Lindell’s reputation as an entrepreneur now hang in the balance as the legal battles unfold.
Android Users, Click To Download The Free Press App And Never Miss A Story. Follow Us On Facebook and Twitter. Signup for our free newsletter.
We can’t do this without your help; visit our GiveSendGo page and donate any dollar amount; every penny helps