The bankruptcy of Dr. Phil ‘s Merit Street Media has taken another turn, with its distribution partner suing the company for fraud and breach of contract.
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, ten-year deal in which he failed to deliver a single episode of his flagship talk show.
McGraw’s Merit Street Media is in bankruptcy court and simultaneously suing Trinity for breach of contract that the company says led to 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 bankruptcy of Dr. Phil ‘s Merit Street Media has