* The Tribune takes a relatively quick look at Bruce Rauner’s problems with his nursing home investments, including alleged deaths and major lawsuits…
But earlier this month, attorneys for GTCR and the other parties called the law firm’s complaint a “fantastical, meandering tale.”
“Each successive pleading is more chaotic, implausible, melodramatic and absurdly far-reaching in the scope of its various conspiracy theories than the last,” the defendants’ lawyers said.
In a separate court filing this month, attorneys for GTCR said the equity firm lost “substantially all” of the $60 million it invested in the nursing home firm since 1998, including $20 million when it tried to restructure Trans Healthcare’s finances in 2006.
GTCR’s court filing went on to allege that the attorneys who won the $900 million judgment for the estate of the Gainesville man previously had reached a settlement with the actual operator of the nursing home for $575,000.
Rauner campaign spokesman Mike Schrimpf labeled the damage lawsuits a “classic plaintiff lawyer scheme” to “go after as many deep-pocketed entities as possible,” including GTCR and other former investors.
From what I’m hearing, we can expect to see a lot more on this topic.
* From a Sunday press release…
Senator Bill Brady, Republican candidate for Governor, today challenged his opponent Bruce Rauner to come clean with answers to questions about his dealings.
“Bruce Rauner likes to paint himself as a hands-on businessman, talking about ‘being there in person, figuring out what matters … solving problems’ and how ‘in business it’s about getting to know them on a first name basis … getting to know each other personally.’ But Mr. Rauner apparently didn’t follow his own business philosophy when it came to dealing with corrupt insider Stuart Levine,” Brady said.
Rauner has said he doesn’t know and has never met Stuart Levine, even though Levine had a $300,000 annual contract with a company partly owned by Rauner’s firm GTCR, while Levine sat on a state pensions board awarding GTCR $50 million in state contracts.
In addition, his spokesman says he had nothing to do with the management of a health care company bought by Rauner and GTCR, which owned nursing homes where patients suffered neglect and died. He resigned from the board of another firm and sold off GTCR’s stock shortly before the company nosedived in an accounting scandal that resulted in conviction of three top executives, money to GTCR, and $285 million in losses to other investors, but again left it to his spokesman explain.
“If he’s not hands-on in business, how could voters depend on him to be hands-on when it comes to spending their tax dollars and managing state government,” Brady said.
“Mr. Rauner had a perfect opportunity at a debate Thursday to be forthright, but again stood silent on the reports that are now regularly coming to light about his dealings. The voters deserve those answers and I will insist that Mr. Rauner give them,” Brady said.
“The citizens of Illinois deserve a governor who will truly be hands-on dealing with the many challenges facing Illinois and building an economy that helps Illinois business grow and that benefits Illinois families.”
…Adding… Sen. Dave Syverson, who backs Sen. Dillard in the race, posted this on his Facebook page yesterday…
Remember what the Democrats did to Mitt Romney and Bain Capital regarding Sensata Co. in Freeport. While he had nothing to do with it, the facts of the issue meant little in the political world. The stories now coming out on Rauner’s inves…tments, while I’m sure there is a long detailed explanation that shows no involvement, all the public sees is the Headlines (like below) and the Democratic spun commercials. Whether we like it or not this is Illinois and Dem’s will play Obama politics (do whatever it takes, the ends justify the means) . We need a candidate that has been vetted, who can be a uniter, who’s not controversial, who can bring in Independents and Reagan Dems, who can win a General Election not just a primary, and then one who can work with both sides after for the Illinois we deserve.
Hat tip: Illinois Review.