Leveraged

“	Sidwell: I couldn't help but notice you bought another 100,000 shares of Gillis Industries. Mike: It's gonna be fine. [...] I bought the shares on margin. Sidwell: And leveraged my company. [...] You have a week to deleverage my company. If you don't, you're out of a job.	”
—Jonathan Sidwell and Mike Ross

Leveraged is the fourth episode of the fourth season of Suits and the 48th overall. It first aired on July 9, 2014.

Synopsis

Having lost his partner on the inside, Mike moves to a hostile takeover of Gillis Industries. On the other side, Harvey and Louis pull out all the stops to make sure they win this takeover fight, and things take a personal turn. Meanwhile, Jessica and Malone come face-to-face with Sean Cahill, the attack dog with the weight of the SEC behind him, bent on bringing the firm down.

Plot

To be added

Cast

Main Cast

Recurring Cast

D.B. Woodside as Jeff Malone
Brendan Hines as Logan Sanders
Melanie Papalia as Amy
Rob Stewart as Tony Gianopolous
Brandon Firla as Jonathan Sidwell

Guest Cast

Neal McDonough as Sean Cahill
Eric Roberts as Charles Forstman
Željko Ivanek as Eric Woodall
Allan Royal as Judge Hopkins
Greg Lanzillotta as Bailiff

Major/Highlighted Events

Mike Ross purchases a chunk of Gillis Industries shares by leveraging Sidwell Investment Group, and has a week to raise the money to deleverage the company or get fired as a result.
Harvey Specter asks Louis Litt to get his T.R.O. lifted, but when Louis prepares to face off against Mike in court, Mike mentions Sheila Sazs being engaged, along with photoshopped images that Louis believes. Louis is unable to speak in court and thus the T.R.O. doesn't get repealed.
Mike goes to Tony Gianopolous for funding, although Louis informs him that it was Mike who told Jonathan Sidwell how to leave him and form his own company. Gianopolous then refuses to aid Mike and rudely tells him to leave. Outside, Louis informs Mike that investment bankers care more about sticking it to the ones they have a grudge against than money, and this gives Mike the idea to find a banker who is Harvey's enemy.
Mike finds Charles Forstman, who had a hidden feud with Harvey. Despite Mike asking for only $80 million, Forstman gives him $230 million as well as allowing him to choose what fate befalls Gillis Industries, on the sole condition that Jonathan Sidwell is cut out of the deal and does not receive a commission, which Mike agrees to.
- Harvey visits Mike at his office and tells him not to engage in any deals with Forstman, revealing that their feud began when Harvey went to him in the past for funding and Forstman made him do something unscrupulous. Mike replies that he has no choice since Louis cut off his funding with Gianopolous, forcing him to work with Forstman.

Cultural References

Louis refers to Mike and himself as Ralph Macchio and Mr. Miyagi, prompting Harvey to surprisingly ask whether he has seen The Karate Kid.
Lorenzo Lamas is mentioned.
Amy refers to Mike as T. Boone Pickens.
Harvey mentions James L. Dolan and the New York Knicks.
Charles Forstman mentions Bud Fox from the 1987 film Wall Street.
Jessica brings two movies to Jeff Malone's house – All About Eve and Raging Bull.

Trivia

Goddamn Counter: 7
Harvey mentions Louis being rattled after Nigel Nesbitt didn't read his letters to his cat. ("Bad Faith")
Louis reminds Mike when the latter informed him that actions had consequences. ("Blood in the Water")

Quotes

Harvey: Are you even listening? It was bad enough that Nigel rattled you with your unread cat letters. Now you're letting Mike do this?
Louis: Harvey, please.
Harvey: Shut the hell up! Look, I tried to warn you. And you stood there with your stupid leg up in the air telling me that the student was no match for the master. And all it took was one doctored picture for you to shit the bed!
Louis: I didn't mean to–
Harvey: Shut the hell up!

Harvey: Goddamn it, Louis. I don't wanna keep being mad at you, but you keep doing the same shit.
Louis: But you see, this wasn't me being duped.
Harvey: No. It was you letting your emotions lead you into doing something stupid. Again. You just had to stick it in his face. You know what? I'm done.
Louis: It's not fair, you know. I'm emotional. You're cold. You're loved. And I'm hated.