Michael James Lindell, also called the My Pillow Guy, is an American businessman, political activist, and conspiracy theorist. He started the pillow, bedding, and slipper manufacturing company My Pillow and serves as its CEO.
Following a complaint filed by the landlord alleging that Mike Lindell’s company, MyPillow, was late on rent payments by at least $200,000, a judge ordered the company to vacate its Shakopee premises.
First Industrial, LP filed the case, claiming that the pillow company had not paid rent in February or March of 2024 and had missed four months’ rent in the previous year.
According to court documents, MyPillow, headquartered in Chaska, has received at least four default notices at the Shakopee warehouse since September.
According to the most recent eviction notice, the company owes Delaware-based First Industrial, L.P. more than $217,489.74 in rent and other fees for the building at 4701 Valley Boulevard South. It is also overdue on payments for February and March this year.
At the eviction hearing, Lindell and a representative from MyPillow did not show up. During a Tuesday hearing, First Industrial’s attorney, Sara Filo, stated, “MyPillow has more or less vacated, but we’d like to do this by the book.”
Filo added, “At this point there’s a representation that no further payment is going to be made under this lease, so we’d like to go ahead with finding a new tenant.”
After rising to national prominence by disseminating false allegations of massive election fraud in the 2020 presidential race, Mike Lindell, the company’s controversial CEO, has faced several financial setbacks.
This eviction is the most recent setback. The allegations have caused him to face struggles financially and professionally.
Financially, Lindell deals with a $1.3 billion defamation lawsuit brought by Dominion Voting Systems, alleging that he falsely accused the firm of manipulating the 2020 presidential election.
Lindell is an outspoken advocate of former President Donald Trump. Since he alleged election fraud, he has encountered numerous financial difficulties.
Smartmatic also sued him for more than $1 billion. Adding more to his plight in late February, a federal judge ruled that he was required to compensate an IT professional $5 million for allegations of election fraud.
The lawsuits have also impacted him professionally. In January, Fox News, one of its largest advertising platforms, ceased airing MyPillow commercials due to the same financial disagreement.
Lindell also asserted that after big-box stores and shopping networks discontinued selling his products, his company’s sales decreased by $100 million.
His attorneys also requested permission to withdraw from defending Lindell in October last year. They stated that Lindell owed them millions of dollars and could not pay their fees.
They also claimed that to move forward, he would need more money, which he doesn’t have. The string of financial difficulties seems to be never-ending for the MyPillow CEO.
The defamation lawsuit has cost him more money, and he is struggling to make ends meet. Last year, when he was talking to the Associated Press, Lindell asserted that his company had been “decimated” and that he ran out of money.
His allegations have cost MyPillow $100 million, and now his house and pickup truck are the only remaining assets.
Subscribe to Email Updates :
Add Comment