Current:Home > StocksMyPillow CEO Mike Lindell says he's out of money, can't pay lawyers in defamation case -MoneyStream
MyPillow CEO Mike Lindell says he's out of money, can't pay lawyers in defamation case
View
Date:2025-04-15 04:55:34
Attorneys for MyPillow CEO Mike Lindell want to quit his defamation case due to not receiving any payment from Lindell or MyPillow.
Attorneys representing Lindell are asking the courts for permission to quit his case according to court documents. Lindell faces a $1.3 billion defamation lawsuit by voting machine companies Smartmatic and Dominion Voting Systems. Attorney Andrew Parker claims that Lindell owes them millions of dollars he cannot pay back.
Lindell spoke to the Associated Press and confirmed that he does not have enough money to pay the lawyers and understands why they are dropping the case.
Parker wrote to the court that he and his firm cannot afford to represent MyPillow through the rest of the litigation. Parker claims that this would put the firm at a substantial financial risk.
Parker wrote in his fillings that Lindell paid the firm through the end of 2022. However, according to Parker, the payments slowed down in 2023 when fees for litigation increased. In May, the firm received payments over 60 days late and the payment did not meet the total of bills due. In July and August, no payments were made at all.
Lindell and MyPillow were warned by Parker and his firm, Parker Daniels Kibort, that they would have to quit their case if payment was not made.
MyPillow financial troubles:auctioning off hundreds of items after retailers drop product, Mike Lindell says
Mike Lindell's latest financial woes
Lindell has seen much financial trouble this year. Along with the lawsuit against him, many retailers like Walmart discontinued his products after he backed former President Donald Trump's claims about the 2020 election.
In April, Lindell was ordered to pay $5 million to a software engineer for breaching a contract with the engineer. Lindell used data to support his claims that China helped in the 2020 elections and helped President Joe Biden win. This was all part of his "Prove Mike Wrong Challenge" at the "Cyber Symposium" in 2021 located in South Dakota.
Although Mike Lindell plans not to file for bankruptcy, he admits that MyPillow has suffered dramatically.
2020 ElectionSupreme Court turns back effort by MyPillow CEO Lindell to toss $1.3 billion defamation suit
Lindell's support for Trump's election fraud claims
The company was impacted by Lindell's backing of former President Donald Trump's election fraud claims, for which he is currently fighting off a $1.3 billion defamation lawsuit.
Lindell has previously said that MyPillow lost $100 million after his election fraud claims, WCCO reported. His company also lost an arbitration case in April related to election fraud claims, leading to his company, Lindell LLC, being ordered to pay $5 million.
veryGood! (2764)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Study: Solar Power Officially Cheaper Than Nuclear in North Carolina
- Fossil Fuel Allies in Congress Target Meteorologists’ Climate Science Training
- Americans with disabilities need an updated long-term care plan, say advocates
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Margot Robbie and Husband Tom Ackerley Step Out for Rare Date Night at Chanel Cruise Show
- Donald Trump indicted in documents probe. Here's what we know so far.
- Here's Where You Can Score 80% Off the Chicest Rag & Bone Clothing & Accessories
- Don't let hackers fool you with a 'scam
- Kim Kardashian’s SKIMS Wedding Shop Has You Covered for the Big Day and Beyond
Ranking
- Meta releases AI model to enhance Metaverse experience
- Could this cheaper, more climate-friendly perennial rice transform farming?
- Shaquil Barrett's Wife Jordanna Gets Tattoo Honoring Late Daughter After Her Tragic Drowning Death
- IRS says $1.5 billion in tax refunds remain unclaimed. Here's what to know.
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Chase Sui Wonders Shares Insight Into Very Sacred Relationship With Boyfriend Pete Davidson
- How climate change is raising the cost of food
- Unusually Hot Spring Threw Plants, Pollinators Out of Sync in Europe
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
A SCOTUS nursing home case could limit the rights of millions of patients
How banks and hospitals are cashing in when patients can't pay for health care
Control of Congress matters. But which party now runs your state might matter more
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Behati Prinsloo Shares Adorable New Photo of Her and Adam Levine’s Baby in Family Album
Environmental Group Alleges Scientific Fraud in Disputed Methane Studies
Harry Potter's Miriam Margolyes Hospitalized With Chest Infection