Greg Lindberg: Difference between revisions
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''"The same issue is affecting the Gupta case. While certain participants are complaining, to the media and otherwise, that Mr. Lindberg is needlessly delaying depositions, the truth is that Mr. Gupta’s legal team has filed several discovery motions – but have yet to have anything granted."''<ref>{{Cite web|url=https://www.wral.com/lawsuits-against-nc-political-donor-show-pattern-of-delay-lack-of-cooperation/18745692/|title=Lawsuits against NC political donor show pattern of delay, lack of cooperation|last=WRAL|date=2019-11-11|website=WRAL.com|language=en|access-date=2019-11-20}}</ref> |
''"The same issue is affecting the Gupta case. While certain participants are complaining, to the media and otherwise, that Mr. Lindberg is needlessly delaying depositions, the truth is that Mr. Gupta’s legal team has filed several discovery motions – but have yet to have anything granted."''<ref>{{Cite web|url=https://www.wral.com/lawsuits-against-nc-political-donor-show-pattern-of-delay-lack-of-cooperation/18745692/|title=Lawsuits against NC political donor show pattern of delay, lack of cooperation|last=WRAL|date=2019-11-11|website=WRAL.com|language=en|access-date=2019-11-20}}</ref> |
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''"The CapLOC case is even more clear cut. CapLOC has filed a number of motions to compel their opposition to turn over documents – and the judge has ruled in its favor. Defendants’ legal team has similarly filed several motions but had the judge deny all but one of its requests – and even then, they didn’t get everything they wanted.'' |
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''"We can go on and on. While Mr. Lindberg’s court opponents have taken to making ad hominin attacks, both in legal papers and in whispers to the media, Mr. Lindberg will continue to fight his battles in court."'' |
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==References== |
==References== |
Revision as of 14:59, 16 December 2019
This biography of a living person needs additional citations for verification. The reason given is: More Citations Needed. (June 2019) |
Greg Lindberg is an American business owner and founder of the Global Growth Family of Companies.[1]
Education and Early Life
Greg was born in San Mateo, CA in 1970, the youngest of five children. His father was an airline pilot and his mother was a homemaker. He started a high school newspaper the Gryphon’s Tale at Crystal Springs Uplands School in Hillsborough, California and later graduated cum laude. While a freshman at Yale University Greg founded Eli Magazine, a political satire magazine. Later at Yale, Greg started the company that would become the Global Growth group of companies. In 1991 he launched Home Care Week[2], a reimbursement newsletter for home health agencies that one Global Growth company still publishes today. Greg graduated from Yale magna cum laude and Phi Beta Kappa with an honors economics degree in 1993[3]
Career
Greg has “been in the arena”[citation needed] for over 28 years building the companies that make up what is known today as the Global Growth family of companies. He started a small health insurance compliance and reimbursement newsletter business with $5,000 in 1991 that became the predecessor company to Global Growth.
Greg has completed over 125 acquisitions across the services and knowledge-based sectors of the global economy generating a 35 percent compound annual growth rate on equity capital.[citation needed]
Greg has overcome and survived a brain tumor, and, is currently fighting criminal charges.[citation needed]
The Global Growth Model
"Global Growth is a group of companies with operations in over a dozen countries. We have more than 8,500 employees and 100 business units worldwide. Global Growth serves customers worldwide in the areas of healthcare technology, electronic medical records, unified communications products and services, accounts receivable management services, B2B software and more. Global Growth focuses on high barrier-to-entry, high recurring-revenue businesses with strong underlying market growth potential in global niche markets." -- Global Growth website. [4]
Global Growth’s businesses are forecasting close to $300 million in EBITDA for 2020. Global Growth’s investments in healthcare technology, healthcare services, B2B software, and unified communications as a service (UCaaS), and other high barrier to entry, high-recurring revenue businesses are performing well.[5]
Bribery charges
Greg Lindberg has made several political donations to both Republican and Democrats but overall has become one of the largest donors to North Carolina Republicans.
In April, 2019, Lindberg his two business partners, John Gray and John Palermo Jr., along with chair of the NC Republican Party, Robin Hayes, were indicted for alleged financial crimes to include wire fraud and bribery Lindberg's attorney, Anne Tompkins, told s via email he "is innocent of the charges in the indictment and we look forward to demonstrating this when we get our day in court."[6]
In February 2019, the Wall Street Journal published an article about how Lindberg "lent at least $2 billion from those insurers to scores of entities he controlled, using much of it to expand his private holdings, according to interviews, regulatory filings and more than 4,500 internal documents from Mr. Lindberg’s companies."[7]
On March 1, 2019, Aaron Tobin, counsel to Greg E. Lindberg, issued the following statement in response to media and other inquiries regarding the February 28, Wall Street Journal article[1][8]:
In September, 2019, Mr. Lindberg’s attorneys filed a motion to dismiss the indictment.here.
In November of 2019, Lindberg’s attorneys made an additional filing which stated that: “An obvious potential defense at trial will be that any actions undertaken by Mr. Lindberg were motivated by his desire to mitigate NCDOI’s unfair handling of his business—affected by the seemingly malicious efforts of Mr. Causey, Ms. Obusek, and Deputy Commissioner Michelle Osborne—and that any alleged exchange was a part of a scheme originated and designed by Mr. Causey and his associates. That scheme ultimately was used to improperly induce the government to investigate the defendant in order to remove the defendant as a political opponent of Mr. Causey’s, and to improperly induce the defendants’ actions.[9]" See full filing here.
On Nov 11, 2019, WRAL released an article detailing Lindberg's demeanor and courtroom behavior during several lawsuit depositions. WRAL reported Lindberg's behavior as "evasive" and displayed a "pattern of delay" on several lawsuits including: lawsuit with Tisha Lindberg, Ajay Gupta, and several other businesses. Full article here[10].
On Nov. 15, 2019, WRAL reported that "Three days after this article posted, a spokesman for Greg Lindberg reached out with the following statement:
"Any accusation that Greg Lindberg has failed to comply with any court order to turn over documents is not accurate – as are any complaints that Mr. Lindberg has provided misleading information. The allegations likely come from disgruntled opponents.
"The Dunhill order referenced is on appeal and Mr. Lindberg is confident that the appeal will be successful. In the Ehmann case, the presiding judge severed the case four years ago. The plaintiff’s discovery efforts were off base in that they related to issues that were not part of the severed issue. Therefore, the court has not ruled on them. So, while the plaintiff complains that Mr. Lindberg has not turned over any evidence it isn’t because Mr. Lindberg is being evasive – it’s because the judge hasn’t yet ruled on the requests.
"The same issue is affecting the Gupta case. While certain participants are complaining, to the media and otherwise, that Mr. Lindberg is needlessly delaying depositions, the truth is that Mr. Gupta’s legal team has filed several discovery motions – but have yet to have anything granted."[11]
"The CapLOC case is even more clear cut. CapLOC has filed a number of motions to compel their opposition to turn over documents – and the judge has ruled in its favor. Defendants’ legal team has similarly filed several motions but had the judge deny all but one of its requests – and even then, they didn’t get everything they wanted.
"We can go on and on. While Mr. Lindberg’s court opponents have taken to making ad hominin attacks, both in legal papers and in whispers to the media, Mr. Lindberg will continue to fight his battles in court."
References
- ^ "Global Growth".
{{cite web}}
: CS1 maint: url-status (link) - ^ "Home Health Care Coding Services | Eli's Home Health Care Week Newsletter". TheCodingInstitute. Retrieved 2019-11-13.
- ^ "Yale College Class of 1993". www.yalealumni.yale.edu. Retrieved 2019-11-13.
- ^ "Global Growth". www.globalgrowth.com. Retrieved 2019-11-13.
- ^ LLC, Global Growth. "Agera Bankruptcy Filing Not a Sign of Financial Stress at Greg Lindberg's Companies". www.prnewswire.com. Retrieved 2019-11-29.
- ^ "North Carolina GOP Chair Indicted On Wire Fraud, Bribery Charges". NPR.org. Retrieved 2019-11-12.
- ^ Scism, Mark Maremont and Leslie (2019-03-01). "Financier Who Amassed Insurance Firms Diverted $2 Billion Into His Private Empire". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-11-12.
- ^ Scism, Mark Maremont and Leslie (2019-03-01). "Financier Who Amassed Insurance Firms Diverted $2 Billion Into His Private Empire". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-11-05.
- ^ "Motion of Greg E. Lindberg for Issuance of Rule 17(c) Subpoenas" (PDF). www.greglindberg.com.
{{cite web}}
: CS1 maint: url-status (link) - ^ WRAL (2019-11-11). "Lawsuits against NC political donor show pattern of delay, lack of cooperation". WRAL.com. Retrieved 2019-11-12.
- ^ WRAL (2019-11-11). "Lawsuits against NC political donor show pattern of delay, lack of cooperation". WRAL.com. Retrieved 2019-11-20.