MyPillow CEO Mike Lindell, Facing Bankruptcy, Vows To Fight On After Lawyers Quit Due To Unpaid Bills

MyPillow CEO Mike Lindell is facing financial ruin as he continues to rack up huge legal bills while facing three separate defamation lawsuits.

Still, Lindell is determined to vindicate himself, no matter the cost.

“I would never settle in any lawsuit,” in a new interview with the Minneapolis Star Tribune. “You don’t settle for something where you’ve done nothing wrong.”

He is hoping to find new evidence that his attorneys can use to get him off.  

Lindell’s options may be dwindling. He has already run out of money and cannot pay his lawyers for the work they’ve done. 

MyPillow is almost in bankruptcy and the CEO has been forced to sell the company’s equipment and manufacturing space.

He shared with the public that American Express has become concerned about his income and has tightened his credit. He said that the only thing he owns now is his home and pickup truck. 

Despite all of this, Lindell is refusing to back down as his lawyers are threatening to quit. If Lindell does not find new attorneys then the lawsuits could automatically be lost by default – potentially leaving himself liable for billions in damages.

Another option is that he could file for bankruptcy protection.

But doing this would mean that Lindell would have to liquidate MyPillow, which leaves him with the choice of selling it to a buyer or selling the rest of the company for parts. 

Lindell is still hopeful that he can get out of this mess with his new MyPillow 2.0 coolant technology, which is included in its new mattresses and bedding toppers.

Lindell’s problems began when he backed former President Donald Trump in his false theories about voter fraud.

Since then, MyPillow sales have sharply declined as retailers pulled his products off the shelves, stating that there was a decreased demand for them. 

The voting machine companies Dominion Voting Systems and Smartmatic both launched lawsuits against Lindell in 2021 and 2022. Dominion is currently seeking $1.3 billion from the CEO, while Smartmatic has not set an amount.

In addition to this, a former employee of Dominion, Eric Coomer, sued Lindell for death threats he received after he was attacked publicly by him. 

Lindell has asked his supporters in an email if they would help fund his legal fees.

“We have lost hundreds of millions of dollars and now, to stay in this fight for our elections, we need your immediate help,” he wrote. “So close to victory and also at the mercy of the resources we desperately need.”