The recent lawsuit filed against Senate Candidate Mike McGavick, stinks worse than Liberty Bay after one of its infamous sewer line breaks.
A Safeco Insurance shareholder, 27-year old Emma Schwartzman, a distant relative of Safeco's founders who inherited a small number of shares of the insurance company, has filed a lawsuit accusing McGavick of malfeasence and "looting" the company. Never mind the company was on the verge of bankruptcy when McGavick took over and he turned it around.
Schwartzman and her attorney, Knoll Lowney, actually say with a straight face that the suit isn't politically motivated. We have a name for that kind of thing where I come from -- it's what comes out of the northern end of a southbound bull.
McGavick received $28 million in a severance package approved by Safeco's board of directors which includes among other high-profile Democrats, former Governor Gary Locke. Safeco is doing quite well these days thanks to McGavick. There was a time in the recent past when it couldn't have raised $28 million if it had to.
Rather than belabor this -- other than to say it's about as low and sleazy as hardball partisan politics gets -- and a true measure of exactly how desperate the Democrats and incumbent Senator Maria Cantwell must be, I'll just let KING 5's Robert Mak tell the story.
Posted by TheFirewalker at August 07, 2006 09:50 AM | Email This