Christian network sues Dr. Phil over $500 million deal
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Partner Trinity Broadcasting and Phil McGraw's Merit Street are suing each other in bankruptcy court over a purported ten-year deal under which Dr. Phil would make 160 new 90-minute episodes of his show.
Lawyers for Dr. Phil McGraw’s media venture were denied their request to withdraw as bankruptcy counsel as the company looks to end its Chapter 11 proceeding.
American author and television personality Dr. Phil McGraw, commonly known as Dr. Phil, has found himself in a bit of a pickle with the Professional Bull Riders (PBR Inc.
The bankruptcy woes of Dr. Phil’s company just keep piling up. A new lawsuit filed today in Texas federal court from Trinity Broadcasting Network alleges that Dr. Phil McGraw and his company, Merit Street Media,
In Trinity’s version of events, McGraw duped the network into a partnership by claiming he had the rights to Dr. Phil and would produce new episodes of it, but only if Trinity partnered with his production company Peteski and paid him $20 million.
Lawyers for Dr. Phil McGraw’s media venture were denied their request to withdraw as bankruptcy counsel as the company looks to end its Chapter 11 proceeding.
Dr. Phil McGraw says two creditors of his bankrupt company Merit Street Media -- Christian broadcaster Trinity Broadcasting Network and Professional Bull Riders -- are trying to smear him in 'incendiary' legal filings and trying to drive down Merit Street's value.