Gloria Allred's October Surprise for Mitt Romney Might Make You Question His Character (VIDEO)

allred romneyDonald Trump's October "surprise" turns out to have been just another lame publicity/blackmail stunt. But Gloria Allred may have something a little more substantive up her sleeve -- maybe. She alleges that Mitt Romney lied under oath on his friend's behalf in a divorce case. This morning a Massachusetts judge granted access to a transcript of Romney's testimony to the Boston Globe. The transcripts are being released as I write this.

Does any of this amount to a hill of beans? Could it impact the election in any way? Here's what we know so far.

Advertisement

The friend Mitt Romney testified for is Staples founder Tom Stemberg. Tom founded Staples with financing from Bain Capital.

Tom Stemberg has been a vocal supporter of Romney throughout his political career.

Allred is claiming that in Romney's testimony, he undervalued Staples' stock, which resulted in a lower settlement for Tom's ex-wife, Maureen Sullivan Stemberg.

Supposedly Romney testified that Staples' stock, then priced at $2 a share, was overvalued and that the company could go bankrupt at any time. We will see if that actually is what Romney said after the Boston Globe has examined Romney's transcripts.

A year after Stemberg's divorce settlement, Staples went public. Its stock value rose to $19 a share. Bain Capital made a $13 million profit on a $2.5 million investment.

Maureen did get 500,000 shares of Staples in the settlement, but she cashed out her shares before the company went public, missing out on the subsequent windfall.

Romney's lawyer, Robert Jones, raised no objections to releasing the transcripts. “This is a decades-old divorce case in which Mitt Romney provided testimony as to the value of a company. He has no objection to letting the public see that testimony.” Does this suggest that Romney doesn't think the testimony will have any impact on the election?

Allred's request to lift the gag order on Maureen was denied by the judge because Allred never submitted an official motion to the court.

In a press conference following the judge's ruling, Allred said, "I am not a surrogate to the Democratic party. I represent my client, Maureen Sullivan Stemberg."

Allred said she would send redacted copies of Romney's transcripts to the press.

Do you think the transcripts will confirm that Romney said Staples' stock was undervalued? If so, do you think it should matter in the election?

 

Images via ABCNews, Austen Hufford/Flickr

Read More >