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Pritzker sues endorser, deletes ad she appeared in

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* You may recall this announcement back in May…

Today, the JB Pritzker for Governor campaign released its second TV ad, “Incubate.”

“Incubate” highlights JB’s visionary work to grow Illinois into one of the top technology hubs in the world. Five years ago, JB brought tech leaders and entrepreneurs together to found 1871, a non-profit technology incubator.

That ad is no longer online.

* The deleted ad featured several entrepreneurs praising Pritzker, including Outcome Health President Shradha Agarwal, who said this…

JB Pritzker really saw the potential of being able to grow tech jobs right here… One thing I love about JB is that he’s a visionary but he gets it done.

Click here to watch the old ad, which was helpfully downloaded by a campaign that doesn’t want its name used.

The Pritzker campaign replaced the old ad on November 6th with a new version of the “Incubate” ad, which you can see by clicking here. Outcome Health’s Shradha Agarwal is not in that new replacement ad.

Why might that be?

* Well, here’s today’s Tribune…

Investors in Outcome Health are not giving up on their effort to freeze $225 million set to be distributed to two founders of the Chicago startup after a New York judge denied their initial request.

The investors — including units of Goldman Sachs and Google and a fund co-founded by Illinois gubernatorial candidate J.B. Pritzker — last week sued Outcome Health, CEO Rishi Shah and President Shradha Agarwal, alleging fraud as the company secured $487.5 million in funding and rose to a valuation of $5.5 billion. […]

Sanford Michelman, an attorney for Outcome Health, said in a statement that the investors are “continuing to create an inappropriate distraction after New York’s courts declined their baseless arguments multiple times.”

“This irresponsible abuse of the legal process is seeking to prevent the founders from using their own money to reinvest in the company,” Michelman said. [Emphasis added]

Ouch.

* The campaign had this explanation…

She was in the original 60 second version of the ad that aired earlier this year, but she is not in the 30 second version of an ad about JB’s work to build 1871 that could air later in the race.

Yeah. OK.

posted by Rich Miller
Friday, Nov 17, 17 @ 3:46 pm

Comments

Friends suing Friends.

Games of the Wealthy.

Comment by Oswego Willy Friday, Nov 17, 17 @ 3:48 pm
You may recall Rishi Shah from being on the cover of the Sun Times as Chicago’s self-made 31 year old Billionaire

https://chicago.suntimes.com/news/chicagos-newest-billionaire-is-self-made/

Comment by Grand Avenue Friday, Nov 17, 17 @ 3:55 pm
AA will make a not-so-bold prediction to anyone who has been following recent events that Outcome Health will turn out to be one of the biggest stinkers in Chicago Tech history. May well land some people in the slammer, but too early to tell.

If you don’t know, the entire premise of this company is that drug companies would pay big dough to put their ads on a TV commercial network that would run solely in doctors’ offices. Yeah, that’s the first thing I want to do when I feel like crap and go to the doc.

Comment by Arthur Andersen Friday, Nov 17, 17 @ 3:59 pm
Illinois needs a governor who will fight Shradha and prevent her from reinvesting her own funds in the company.

Comment by Puddintaine Friday, Nov 17, 17 @ 3:59 pm
DOJ and SEC are on this too.

Comment by Ron Burgundy Friday, Nov 17, 17 @ 4:00 pm
“Illinois needs a governor who will fight Shradha and prevent her from reinvesting her own funds in the company.”

…Actually that’s more in line with the job of the Attorney General. In fact, 3 of the candidates have background in doing just that….

Comment by ILDemVoter Friday, Nov 17, 17 @ 4:08 pm
J B should have had Rauner’s lawyers seal the case

Comment by DuPage Saint Friday, Nov 17, 17 @ 4:20 pm
Don’t worry that Shradha Agarwal is missing from JB’s ads. She’ll be prominently featured in plenty of Rauner’s this summer.

Comment by Down the Middle Friday, Nov 17, 17 @ 4:20 pm
Well on the bright side, unlike Rauner’s case, at least Pritzker is the one suing and not being sued.

Comment by hisgirlfriday Friday, Nov 17, 17 @ 4:27 pm