Durham NC November 21 2022: Today Greg Lindberg’s attorneys responded to recent court filings by agents of North Carolina Insurance Commissioner Mike Causey. Susan Estrich, an attorney and spokesperson for Lindberg, says that Causey’s most recent filing is “full of assumptions, suppositions, presumptions, guesswork, conjecture and more holes that I can count.”
“Mike Causey continues to file baseless and unproductive litigation to try to cover up his real agenda — blocking the sale of Greg Lindberg’s North Carolina insurers,” says Lindberg.
To cite one example, Causey recently claimed in a court filing that Lindberg had the personal benefit of the Global Growth company plane while in prison. “This is Exhibit A of Causey’s false claims: claiming that I had personal benefit from use of the company plane while I was in prison. How could I possibly have used the plane while I was in prison?” Lindberg says.
In recent court actions, Causey also has sought to disband a court-appointed independent Panel established to approve various transactions. “Causey does not want an independent Panel overseeing transactions because the independent Panel is doing the right thing for policyholders,” Lindberg says.
Over $1.1 Billion In Total Pending Transactions Underway Lindberg Says
Lindberg reports that Global Growth companies have over $1.1 billion of pending sale and refinancing transactions that will facilitate the exit of Global Growth from the insurance business. “Global Growth has received letters of intent, purchase agreements, and in some cases definite documents on these various transactions that can be closed in a matter of weeks if cooler heads can prevail,” Lindberg says.
“After four years of false reporting about my insurance companies, I am looking forward to putting the lies to bed once and for all with the sale and rehab exit of my North Carolina insurers,” Lindberg says.
“Unfortunately Mike Causey is still doing everything he can to try to hurt me at the expense of policyholders. He even tried to liquidate the insurers just two days after the buyer said they were willing to pay hundreds of millions of dollars for them. If that isn’t politically-motivated abuse of power, I don’t know what is,” Lindberg says.
“The NCDOI does not want my insurance companies to exit rehabilitation and be sold because that means Mike Causey has been making false statements about them since day one,” Lindberg stated. “It’s high time for Mike Causey to put politics aside and do what is right for policyholders,” says Lindberg.
Mike Causey Told Staff He Targeted Lindberg For Political Reasons, Lindberg Says
The root of this problem is politics. More litigation from the NCDOI does not change that.
“Mike Causey told his staff that he was targeting me because I supported his opponent in the 2016 election,” Lindberg says.
Causey ran for the position of North Carolina Insurance Commissioner five times before winning by less than 1% of the vote. Lindberg supported Causey’s opponent. Immediately upon taking office, Causey ensured that Lindberg’s insurance companies stopped receiving fair and equitable regulation.
Rather than address Lindberg’s legitimate business concerns, the Commissioner used his position to attempt to entrap Lindberg. After the government accused Lindberg of conspiracy to commit honest services wire fraud and bribery concerning programs receiving federal funds, the United States Court of Appeals for the Fourth Circuit unanimously ruled that his conviction violated his Constitutional rights and must be vacated.
“I will continue to fight until every policyholder is paid out and until every one of these false claims are dismissed. My 633 days in prison after being wrongfully convicted hardened my resolve to seek justice regardless of how long it takes: I have no fear of false accusations from the government. These false claims are merely an attempt to wear me down,” Lindberg says.
Lindberg says that despite all of the attacks, “his head is bloody but unbowed” and he continues to do whatever it takes to support his North Carolina insurers. “I invested over $500 million in my insurance companies, and I continue to invest in them today on a regular basis to protect policyholders,” Lindberg says.
“Dog piling false claims on Greg Lindberg helps no one,” Lindberg says, “and hurts policyholders.”
About Greg Lindberg. Greg Lindberg is an entrepreneur, a leadership coach, an author, and a father. His latest book describing his time at Federal Prison Camp Montgomery can be downloaded at www.greglindberg.com or purchased on Amazon. Over the course of his career, he has acquired and transformed more than 100 companies that were either failing or underperforming, each time finding and empowering great talent—people with the same commitment to hard work, learning, entrepreneurship, and a roll-up-your-sleeves attitude. Today, these companies are worth billions of dollars and employ 7,500 people. In 2020, he founded Interrogating Justice, a non-profit organization whose mission is to bring awareness and help advance solutions that hold corrupt government actors accountable, ensure fairness in sentencing, support reentry, and provide access to justice for all. To learn more visit:https://interrogatingjustice.org/