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'Fixer Upper's' Chip Gaines sued by former business partners for fraud
Posted on 4/28/17 at 9:01 am
Posted on 4/28/17 at 9:01 am
LINK
quote:
"Fixer Upper" star Chip Gaines is being sued by two former business partners in a million-dollar fraud lawsuit. According to court documents obtained by KWTX, John L. Lewis and Richard L. Clark, former co-owners of Magnolia Realty, claim Gaines bought them out of the company two days before HGTV picked up "Fixer Upper" which "prominently featured the 'Magnolia' brand name." Lewis and Clark filed their 24-page lawsuit Wednesday in state district court in Waco, Texas, and are seeking more than $1 million in damages and non-monetary relief, KWTX reports. The scorned business partners say Gaines bought their shares of Magnolia Realty for $2,500 each while working with HGTV on the future hit show.
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Posted on 4/28/17 at 9:02 am to RedRifle
damn 
Posted on 4/28/17 at 9:02 am to RedRifle
Successful people sue and get sued, shite happens
Posted on 4/28/17 at 9:03 am to RedRifle
I'm sure that's all there is to the story.
This post was edited on 4/28/17 at 3:23 pm
Posted on 4/28/17 at 9:03 am to RedRifle
$2500 LOL damn Chip Gaines prob just got done reading "The art of the deal"
Posted on 4/28/17 at 9:03 am to RedRifle
Man, maybe i could sue Amazon caue i has some stock back when it was like 50 bucks. Now is it like 950 bucks. I want damages and nonmilitary relief.
Posted on 4/28/17 at 9:03 am to RedRifle
Lewis and Clark... Really?
Posted on 4/28/17 at 9:04 am to RedRifle
quote:
Lewis and Clark
interesting
Posted on 4/28/17 at 9:04 am to Titus Pullo
Don't hate the player, hate the game.
Posted on 4/28/17 at 9:05 am to RedRifle
quote:
claim Gaines bought them out of the company two days before HGTV picked up "Fixer Upper" which "prominently featured the 'Magnolia' brand name
So they're mad they got bought out before something big happened?
quote:
and are seeking more than $1 million in damages and non-monetary relief
Posted on 4/28/17 at 9:05 am to RedRifle
This sounds like solid business planning by Chip, and sour grapes from the partners.
Posted on 4/28/17 at 9:05 am to RedRifle
The game is the game!
Posted on 4/28/17 at 9:05 am to tilco
That show is great and pisses me off at the same time.
"My budget is $180,000"
"Oh well we have this half acre on a lake with a 4 bedroom, 3.5 bath for 150k, which leaves us $30k to completely renovate the entire thing"
Is Waco that fricking cheap?
"My budget is $180,000"
"Oh well we have this half acre on a lake with a 4 bedroom, 3.5 bath for 150k, which leaves us $30k to completely renovate the entire thing"
Is Waco that fricking cheap?
Posted on 4/28/17 at 9:06 am to RedRifle
Sounds like they didn't do their due diligence on what their partner was up to.
Also, sounds like they got paid once.
Also, sounds like they got paid once.
Posted on 4/28/17 at 9:06 am to TheCaterpillar
besides baylor waco is a pretty shitty
Posted on 4/28/17 at 9:07 am to Pettifogger
Everyone wants a piece of the pie.
Posted on 4/28/17 at 9:07 am to TheCaterpillar
quote:
Oh well we have this half acre on a lake with a 4 bedroom, 3.5 bath for 150k, which leaves us $30k to completely renovate the entire thing"
They do three rooms, maybe 4 if it's a master bath.
Posted on 4/28/17 at 9:07 am to TheCaterpillar
quote:
My budget is $180,000"
"Oh well we have this half acre on a lake with a 4 bedroom, 3.5 bath for 150k, which leaves us $30k to completely renovate the entire thing"
Is Waco that fricking cheap?
Welcome to Texas. And yes. Housing is dirt cheap.
Posted on 4/28/17 at 9:07 am to RedRifle
Sounds like they made a poor business decision. Lots of these types of shows never make it and generally the "stars" make very little on their first contract.
Posted on 4/28/17 at 9:08 am to fightin tigers
quote:
They do three rooms, maybe 4 if it's a master bath.
Point still stands.
They gut flooring, walls, replace roofs, completely install new kitchen appliances and cabinets, etc.
IRL the stuff they do should cost double.
And that doesn't even mention the ridiculously low real estate prices.
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