MyPillow Guy Mike Lindell's Lawyers Withdraw Over Millions In Unpaid Legal Fees: 'There's No Money'
Portfolio Pulse from Benzinga Neuro
The legal team of Mike Lindell, CEO of MyPillow, has withdrawn from a defamation lawsuit due to unpaid legal fees. The lawsuit was initiated by Dominion Voting Systems. Lindell admitted that he has been unable to pay his lawyers for the past two months. Earlier this year, Lindell revealed that MyPillow had to borrow nearly $10 million to keep its operations running. Retailers including Walmart, Bed Bath & Beyond, and Kohl’s removed MyPillow products from their shelves due to Lindell's claims about the 2020 presidential election.
October 06, 2023 | 12:55 am
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Bed Bath & Beyond removed MyPillow products from their shelves due to Lindell's claims about the 2020 presidential election.
The removal of MyPillow products from Bed Bath & Beyond's shelves is a past event and its impact on the company's stock price is likely already factored in.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Kohl’s removed MyPillow products from their shelves due to Lindell's claims about the 2020 presidential election.
The removal of MyPillow products from Kohl’s shelves is a past event and its impact on the company's stock price is likely already factored in.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50