Merit Street Media, an anti-woke company owned by Dr. Phil McGraw, entered Chapter 11 bankruptcy after disputes with broadcasting partner Trinity Broadcasting Network (TBN). TBN has filed a lawsuit alleging fraud and breach of contract, while Merit Street previously sued TBN accusing it of sabotage and reneging on obligations as controlling shareholder. Dr. Phil's production company Peteski sought to halt bankruptcy proceedings citing prohibitive legal costs. Professional Bull Riders accused Merit Street of a bad-faith filing over $181 million owed. TBN's countersuit in Texas contends it legitimately defended itself against Peteski and McGraw's actions.
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The fraught bankruptcy proceedings for Dr. Phil McGraw's anti-woke Merit Street Media have taken another dramatic turn as his broadcasting partner is suing the company and McGraw for fraud and breach of contract. The lawsuit filed by the Trinity Broadcasting comes just a month after Merit Street filed for bankruptcy and sued the Christian television network, accusing TBN of sabotage because it reneged on its obligations and abused its position as the controlling shareholder of Merit Street.
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