Skip to main content

From the Boston Globe:

Mitt Romney’s sworn testimony in a post-divorce lawsuit against Staples founder Tom Stemberg was unsealed today at Norfolk Probate and Family Court.

The suit was filed in 1990 by Stemberg’s ex-wife, Maureen Sullivan Stemberg, who sought to amend the couple’s financial agreement after Staples went public in 1989 and began trading at 10 times the stock value she had received in the divorce a year earlier.

Staples was founded with backing from Bain Capital while Romney was at the helm.

More details beneath the fold...

So far, there are no details from the testimony, as reporters and citizen journalists scramble to get their hands on the transcripts, which are expected to be released later today.  

Earlier in the week, there was speculation that Mitt Romney may have perjured himself in his sworn testimony regarding the value of Staples at the time, which may have helped Tom Stemberg's divorce / alimony agreement with his now-ex-wife.  (Stenberg also spoke at this year's RNC, where Romney was nominated for president.)

More from the Globe...

Parties in the case also signed a confidentiality agreement that Gloria Allred, the attorney for Sullivan-Stemberg called “the most comprehensive gag order I have ever seen in my 36 years of practicing law.” The Globe originally moved to amend the confidentiality agreement to allow parties in the case to speak publicly about Romney’s testimony but dropped the request on Thursday when Stemberg, who had opposed the Globe’s request to unseal the testimony, rescinded his objection.
And how's THIS for a women & binders reference? (from the Globe article):
In a hearing on Wednesday, Sullivan Stemberg had stated through her attorney that she had no objection to the Globe’s request to selectively vacate the impoundment order. Romney and Staples had taken no position because they had not reviewed the 21-year-old testimony, which had been purged from court records. But Sullivan Stemberg had saved copies of the two-decade-old records. Allred produced two, inch-thick volumes of Romney’s testimony in court on Wednesday. Romney, Staples, and Stemberg requested and received a continuance to examine the documents, setting up Thursday’s hearing about whether they could be made public.

Later on Wednesday, Sullivan Stemberg had provided a third volume of testimony to Stemberg, Staples and Romney.

Dont'cha just love a woman who keeps good records?  

For now, at least, the Stemberg and Romney teams are treating this with a shrug.

From the Associated Press:

Attorneys for Romney, Stemberg and Staples did not object to releasing the documents but had asked for a day to review them, which the judge granted.

The hearing resumed today and the judge said it was OK to release the documents.

I.e., Romney's team has already reviewed and has messages ready to respond to any criticism.  And possibly, since they did not object to releasing the records, there is nothing they consider to be that damaging contained within.

From Bloomberg:

Stemberg’s lawyer, Brian Leary, told the judge today in Norfolk Probate Court that his client has “no concerns about the testimony.” He called Romney’s 1991 testimony a “primer” on Staples’ early development. Leary asked the judge to keep the confidentiality requirement in force.
And:
Robert Jones, an attorney for Romney with Ropes & Gray LLP, told the judge yesterday, “The sooner we get out from this, the better.”
Takeaway:

It's quite possible that the entire reason for this exercise was so that the ex-Mrs. Stemberg would be excused from the gag order and could speak publicly about her experiences in this case (including her opinions on Romney's testimony).  However, for now that will not happen.  The judge unsealed the transcripts but so far has not lifted the gag order (the Boston Globe also rescinded its request that the gag order be lifted).

So for now, Ms. Sullivan Stemberg will not be speaking out.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site