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Oh shit: New pillow guy lawsuit coming "in two weeks"


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Posted
12 hours ago, Degenerate Gardner said:

Motion to cross post to This Guy Got Knocked The Fuckkkkk Out

If anybody needs any more proof that he’s nuts, Lindell is trying so hard to impress a 12 year-old who won’t be able to vote for two more Presidential elections.

Gotta impress the 12 year-olds with your weird beliefs. What’s next, he’s gonna buy a social media platform and post a hundred times a day?

Posted
2 hours ago, atomheartbevo said:

If anybody needs any more proof that he’s nuts, Lindell is trying so hard to impress a 12 year-old who won’t be able to vote for two more Presidential elections.

Gotta impress the 12 year-olds with your weird beliefs. What’s next, he’s gonna buy a social media platform and post a hundred times a day?

Dude.  Nobody is THAT pathetic and broken.

  • 3 weeks later...
Posted

Cross Posting the Mesa Colorado elections clerk that fell in with Lindell got 9 years in prison for compromising election machines and voter data and Lindell was all up in this.

https://amp.cnn.com/cnn/2024/10/03/politics/former-colorado-county-clerk-tina-peters-sentenced

Quote

“I am convinced you would do it all over again if you could. You’re as defiant as any defendant this court has ever seen,” Barrett told her in handing down the sentence. “You are no hero. You abused your position and you’re a charlatan.”

 

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  • 4 weeks later...
Posted (edited)
On 10/9/2024 at 4:38 PM, TexasEd said:

Cross Posting the Mesa Colorado elections clerk that fell in with Lindell got 9 years in prison for compromising election machines and voter data and Lindell was all up in this.

https://amp.cnn.com/cnn/2024/10/03/politics/former-colorado-county-clerk-tina-peters-sentenced

 

Best part was his instant "No" after her attorney's request to remain on bond. 

Edited by totallynotabuttpirate
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  • 1 month later...
Posted

MyPillow founder Mike Lindell has once again found himself staring down the wrong end of a seven-figure lawsuit, this time being dragged into court by a merchant cash advance firm that accuses the bedding magnate and election fraud conspiracist of ducking out on nearly $1.5 million in outstanding debt.

Cobalt Funding Solutions, a New York City-based “alternative capital provider,” makes loans to businesses against their future sales, taking a set portion of a company’s revenues until the principal is repaid, plus a handsome premium. Lindell, for his part, has called the entire future receivables industry a “sham,” and drew first blood against Cobalt earlier this month with a lawsuit claiming the whopping 409 annual percentage rate it charged him while in a desperate cash crunch was “illegal,” “usurious,” and a legalized form of loan sharking.

 

Now, Cobalt has returned fire in a civil complaint filed last Friday in state court. Although the 63-year-old MAGA fan has stopped paying, the complaint says he has “continued to generate and collect millions of dollars in revenue from sales of, among other things, Pillows and bedding accessories since October 18, 2024.”

Reached by phone on Monday, Lindell told The Independent he had not been previously aware that Cobalt was countersuing and had not yet reviewed any of the court filings.

He claimed, without providing specifics, that Cobalt has “gotten in trouble before” for its business practices, and that “there was a lot of stuff that went around with that,” but that “they keep doing what they’re doing.” However, Lindell continued, “I don’t know what it all involves.”

As for Cobalt’s lawsuit against him and MyPillow, Lindell said, “I just don’t want to get out in front of things here. The lawyers are handling that. It’s not my priority right now, I’m trying to run companies and get rid of the electronic voting machines. That’s my focus.”

 

In an email on Monday, Christopher Murray, the attorney representing Cobalt in court, declined to comment on the case, citing firm policy.

 

Merchant cash advances, also called “factoring” arrangements, are not subject to usury laws.

The ugly dispute between Lindell and Cobalt dates back to September 16, when Cobalt paid Lindell about $1.5 million for $2.2 million in expected MyPillow receipts, according to the complaint.

From that point on, Cobalt would debit MyPillow’s bank account each business day for $45,000, an estimated 7.57 percent of its proceeds, a spreadsheet attached to the complaint shows. Lindell made regular payments through mid-October, for a total of $814,064.76, Cobalt’s complaint states. But it says Lindell suddenly cut off Cobalt’s access to the account, and has prevented it from debiting the rest of the money due under the contract — $1,447,226, plus $200 in blocked payment fees charged by the bank — as agreed.

Since then, Lindell, who personally guaranteed the loan and is himself liable for it, has “refused to resume” making payments, according to the complaint.
 
After Lindell launched a personal crusade to “prove” the 2020 presidential election was stolen from Donald Trump, his products were dropped by big box retailers and the cash-strapped MyPillow was evicted from its Minnesota warehouse over unpaid rent. He has been dropped by his attorneys over millions in unpaid fees, ordered by a judge to pay $5 million to a computer programmer who disproved his claims of voter fraud, and continues to battle defamation suits by America’s largest voting machine companies over Lindell’s false allegations. In September, Lindell was sued by a California vendor for ignoring bills adding up to the mid-six-figures.
 
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Posted
22 minutes ago, Gil Bang said:

MyPillow founder Mike Lindell has once again found himself staring down the wrong end of a seven-figure lawsuit, this time being dragged into court by a merchant cash advance firm that accuses the bedding magnate and election fraud conspiracist of ducking out on nearly $1.5 million in outstanding debt.

Cobalt Funding Solutions, a New York City-based “alternative capital provider,” makes loans to businesses against their future sales, taking a set portion of a company’s revenues until the principal is repaid, plus a handsome premium. Lindell, for his part, has called the entire future receivables industry a “sham,” and drew first blood against Cobalt earlier this month with a lawsuit claiming the whopping 409 annual percentage rate it charged him while in a desperate cash crunch was “illegal,” “usurious,” and a legalized form of loan sharking.

 

Now, Cobalt has returned fire in a civil complaint filed last Friday in state court. Although the 63-year-old MAGA fan has stopped paying, the complaint says he has “continued to generate and collect millions of dollars in revenue from sales of, among other things, Pillows and bedding accessories since October 18, 2024.”

Reached by phone on Monday, Lindell told The Independent he had not been previously aware that Cobalt was countersuing and had not yet reviewed any of the court filings.

He claimed, without providing specifics, that Cobalt has “gotten in trouble before” for its business practices, and that “there was a lot of stuff that went around with that,” but that “they keep doing what they’re doing.” However, Lindell continued, “I don’t know what it all involves.”

As for Cobalt’s lawsuit against him and MyPillow, Lindell said, “I just don’t want to get out in front of things here. The lawyers are handling that. It’s not my priority right now, I’m trying to run companies and get rid of the electronic voting machines. That’s my focus.”

 

In an email on Monday, Christopher Murray, the attorney representing Cobalt in court, declined to comment on the case, citing firm policy.

 

Merchant cash advances, also called “factoring” arrangements, are not subject to usury laws.

The ugly dispute between Lindell and Cobalt dates back to September 16, when Cobalt paid Lindell about $1.5 million for $2.2 million in expected MyPillow receipts, according to the complaint.

From that point on, Cobalt would debit MyPillow’s bank account each business day for $45,000, an estimated 7.57 percent of its proceeds, a spreadsheet attached to the complaint shows. Lindell made regular payments through mid-October, for a total of $814,064.76, Cobalt’s complaint states. But it says Lindell suddenly cut off Cobalt’s access to the account, and has prevented it from debiting the rest of the money due under the contract — $1,447,226, plus $200 in blocked payment fees charged by the bank — as agreed.

Since then, Lindell, who personally guaranteed the loan and is himself liable for it, has “refused to resume” making payments, according to the complaint.
 
After Lindell launched a personal crusade to “prove” the 2020 presidential election was stolen from Donald Trump, his products were dropped by big box retailers and the cash-strapped MyPillow was evicted from its Minnesota warehouse over unpaid rent. He has been dropped by his attorneys over millions in unpaid fees, ordered by a judge to pay $5 million to a computer programmer who disproved his claims of voter fraud, and continues to battle defamation suits by America’s largest voting machine companies over Lindell’s false allegations. In September, Lindell was sued by a California vendor for ignoring bills adding up to the mid-six-figures.
 

Gotta love that turds like him support dismantling the CFPB.  

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Posted
Quote

and drew first blood against Cobalt earlier this month with a lawsuit claiming the whopping 409 annual percentage rate it charged him while in a desperate cash crunch was “illegal,” “usurious,” and a legalized form of loan sharking.

So which is it, illegal or legalized?

Posted
24 minutes ago, jimmyjazz said:

So which is it, illegal or legalized?

Can we all throw in a few bucks and buy an assignment of rights from Cobalt?   

That way, our new Surly LLC “Transgender Electronic Vote Switching Machine Collections” can participate in the litigation discovery too.  

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  • 2 weeks later...
Posted

I see a judge has ruled that he owes DHL over 700 grand in unpaid bills.  Lindell says he has nothing left but a house and his truck.  Too bad you crazy bastard, sell them both and ask djt for a loan to buy a gun and just one bullet. 

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Posted
3 minutes ago, AnTiM said:

I see a judge has ruled that he owes DHL over 700 grand in unpaid bills.  Lindell says he has nothing left but a house and his truck.

IMG_2427.gif.5696c5efc3e5e6681ea4d088eda27bd1.gif

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  • 2 weeks later...
  • 2 months later...
Posted

 

I missed this happy note. DHL was only suing Lindell for $700K.  Pillow Dipshit owes $9,000,000.00 to FedEx.


Mike is probably wondering about now how much crack he could buy with that. Trump used and discarded him.  Surprise!!

IMG_4356.thumb.png.dbab294c8ac48cbb898eb71f46f93564.png

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Posted

Maybe the company was cruising along paying 3 million per month, then stopped paying and at the 90 day mark they were cut off.  I hope that many people weren’t buying his shitty pillows, but this timeline. 

Posted
43 minutes ago, Pato del Muerto said:

How do you run up a 9 million dollar balance at fedex before being cut off?

 

40 minutes ago, Red Five said:


“Well ok Mike, but just ONE MORE.”

 

37 minutes ago, Pato del Muerto said:

Maybe the company was cruising along paying 3 million per month, then stopped paying and at the 90 day mark they were cut off.  I hope that many people weren’t buying his shitty pillows, but this timeline. 

I have no idea, but I guess it’s possible that they might have a contract with some sort of extra stipulated damages  (costs and attorneys fees/exemplary damages, etc), so it’s possible that the original amount owed was less.

Don’t care.  The my pillow thing is deader than disco. 

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Posted (edited)
5 hours ago, Pato del Muerto said:

How do you run up a 9 million dollar balance at fedex before being cut off?

My guess is they were using FedEx 3PL services. Warehouse space, warehouse and office staff, IT infrastructure, software integration, inbound and outbound freight and shipping costs, international brokerage services, and other value added services.

Some of those costs can be shared across multiple companies but lindell probably wanted his own exclusive space because pillows are so proprietary.

Edited by GenXer
Posted
35 minutes ago, GenXer said:

My guess is they were using FedEx 3PL services. Warehouse space, warehouse and office staff, IT infrastructure, software integration, inbound and outbound freight and shipping costs, international brokerage services, and other value added services.

Some of those costs can be shared across multiple companies but lindell probably wanted his own exclusive space because pillows are so proprietary.

Plus Elon paid a million per shipment for having his stuff delivered at the speed of light, so...

Posted (edited)
18 hours ago, Gatorubet said:

 

 

 

Don’t care.  The my pillow thing is deader than disco. 

Is it though?   They're still offering free shipping on orders over $75.

 

https://www.mypillow.com/

And his MyCross qualifies for free shipping...

 

 

Edited by Macanudo
  • 3 weeks later...
Posted

Election denier and MyPillow CEO Mike Lindell continues to refuse to pay more than $50,000 in sanctions he has been ordered to pay to voting software company Smartmatic over "frivolous" election claims -- alleging he's left with no money after numerous legal battles.

"I'm in ruins," a teary Lindell said through a Zoom screen during a motion hearing in the U.S. District Court in Washington on Wednesday, pleading to Judge Carl Nichols to allow him to wait until after the final judgement comes out to make any payment in the case, which he has already lost.

Last month, Smartmatic filed a motion to hold Lindell in contempt, alleging the MyPillow CEO has been dodging his court-ordered payment of $56,369 to Smartmatic for months.

Lindell, however, insisted that he does not have the means to pay the amount due to various financial difficulties he has suffered over the last few years due to what he again claimed was "lawfare" waged against him for trying to "secure the election."

 

"I borrowed everything I can. Nobody will lend me any money anymore," Lindell claimed. "I can't turn back time ... but I will tell you, I don't have any money."

Lindell claimed he was recently forced to lay off hundreds of MyPillow employees, lost multiple MyPillow warehouse units over the past two years and even owes millions of dollars to the IRS for what he described as a COVID-era employee retention credit.

He claimed he has "nothing" except for two houses, which he claimed are in the process of being liquidated, and a truck.

He even claimed he can no longer adhere to a previously proposed plan of making monthly installments of $5,000.

After listening through Lindell's plight, Nichols acknowledged that these claims are "non-verifiable representation" at the moment and gave Lindell until Friday to file under seal financial statements and other documents to prove his claims.

"I have nothing to hide," Lindell said as he agreed to do so and added he wants Smartmatic to see the financial situation he's in as well.

Smartmatic's attorney said his client would prefer to see the payment made in a lump sum as soon as possible but acknowledged he would respect the judge's ruling.

 

https://abcnews.go.com/Politics/im-ruins-teary-mike-lindell-tells-judge-smartmatic/story?id=120887538

 

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Posted

Get a job busting rocks at 25 cents per hour until you either earn enough to pay what you deservedly fkn owe or you die, whichever you hope comes first.

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