Phil "Dr" McGRAW now sued back for $500M by Trinity Broadcasting Network for swindling

[UTUSN]

***********QUOTE*********

https://www.yahoo.com/entertainment/tv/articles/dr-phil-bankrupt-media-company-170919343.html

Dr. Phil’s Bankrupt Media Company (is) Sued Over $500 Million TV Deal

.... In a lawsuit filed in Texas federal court on Tuesday, Trinity Broadcasting accuses Dr. Phil, whose surname is McGraw, of swindling the Christian TV network under a $500 million, 10-year deal in which he allegedly failed to deliver a single episode of his flagship talk show. ....

McGraw’s Merit Street Media is simultaneously in bankruptcy court and suing Trinity Broadcasting for breach of contract over its downfall. The court has called the dispute anything but “routine,” mainly because McGraw conditioned a loan to Merit Street on the company winning its lawsuit against the network. ....

The relationship turned sour last year when it became clear that McGraw couldn’t deliver the viewership numbers, product integrations and advertising revenues he promised to Trinity Broadcasting, the company alleges. It says it spent more than $100 million by the end of June, some of which had to recorded as loans to Merit Street. That figure ballooned as Trinity Broadcasting continued to funnel up to $13 million into the production per month while McGraw failed to make a single episode, the lawsuit claims. ....

Trinity Broadcasting says it learned of Merit Street’s Chapter 11 filing in July, which allegedly wasn’t approved by its members on the board of directors. It accuses McGraw of plundering the company and plotting to pull the license for Dr. Phil for use at Envoy, his new venture. ....

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[Janbdwl72]

1. Quick! Let's all shed a tear for Phil "Quick Draw" McGraw.

Regardless of what finally comes out of this mess, it could not happen to a more deserving person!

[Sneederbunk]

2. I wondered why Dr. Phil and TSF were thick as thieves.

[underpants]

6. Easy money. He's like a truth teller. It's Oprah's fault. 😉😍 love her.

He says vague things that people nod at and then he sells while they are going with him.

Background
Dr. Phil was a top tear jury consultant. Oprah got sued by the Big Beef over one comment on one show. They wanted $5M (I think) for defamation or some nonsense. This is Oprah money we’re talking about. Pocket change. Nope. She wasn’t going to take it and she won.


As part of Winfrey’s legal team, Babcock tapped a jury consultant for the case he had used before. Phil McGraw impressed Winfrey enough for her to later invite him on her show, launching his new career as Dr. Phil.
https://www.texastribune.org/2018/01/10/time-oprah-winfrey-beefed-texas-cattle-industry/

[UpInArms]

3. Awww jeez

Another fake doctor grifts his way into bankruptcy

[underpants]

4. Everything Trump touches....

There’s a Go Woke Go Broke comparison here

Go Trump Go Dump
Go Trump get humped
Go Trump Get Dumped

Go Trump Go Chump

[keep_left]

11. "Go fash, lose cash!"

https://democraticunderground.com/100218114657#post4
https://democraticunderground.com/100218079472#post64
https://democraticunderground.com/100218156896#post8

[tanyev]

5. *snort*

[Jacson6]

7. There is nothing that says it was malicious. He or the company can file bankruptcy

and then walk away.

[UTUSN]

8. I'm no lawyer (thank Zeus) and all the details in the article made my head spin, but seems like

there were twists and turns with maliciousness coming to mind - breaches of contract, bad faith misleadings, "swindling," diverting funds for other business purposes, making KRASNOV-like dirty dealings. I didn't know one can just walk away, not telling even a contracted partner of a bankruptcy? I don't know enough to discuss and dispute it - so I won't. My thing is just my detestation of him. If Legal types dismiss it all, fine.

[Stinky The Clown]

9. I wish to thank Oprah for bringing us this guy and Dr Oz

[UTUSN]

10. Did she break them in at the Sean COMBS academy?

[Oeditpus Rex]

12. Here's hoping

both sides lose.

[UTUSN]

13. Exactly, like the LOOMER-MTG feud! - mutually assured destruction.

[Johonny]

14. Wait someone in the MAGA universe is a fraudster

I can't believe it!