"The Professional Bull Riders allege that Dr. Phil orchestrated a Chapter 11 filing for Merit Street Media to avoid litigation and promote a new venture."
"PBR claims Merit Street owes it $181 million and filed an emergency motion to compel document production amid accusations of bad faith by Dr. Phil."
The Professional Bull Riders filed an emergency motion regarding Dr. Phil McGraw's Merit Street Media bankruptcy, alleging a bad faith Chapter 11 filing. They claim that Dr. Phil orchestrated this filing to evade $181 million litigation and to facilitate a new media venture, Envoy Media. The case is set for a hearing where the bankruptcy court will decide whether to convert the bankruptcy to Chapter 7, dismiss the filing, or approve debtor-in-possession financing. The Independent has reached out to involved attorneys for comments.
Read at www.independent.co.uk
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