After news broke out regarding a million dollar lawsuit filed by his former friends, Chip Gaines hits back over the weekend.
Taking to his Twitter account, the co-host of HGTV’s reality show “Fixer Upper” posted a strong case for his defense. “Fyi: Ive had the same cell # 15 yrs.. same email for 20 yrs. No one called or emailed? 4 years later ‘friends’ reach out via lawsuit.. hum,” posted Gaines. The 42-year-old reality TV star posted this in response to the 1 million dollar lawsuit filed against him. His former partners from his company, Magnolia Realty, are the ones who sued him.
The post gives observers something to think about, particularly regarding the timing of the lawsuit. Readers should note that the lawsuit was made when Magnolia Realty’s shares have gone over the roof. Moreover, Gaines also tweeted last week a bible verse saying “the light shines in the darkness, and the darkness has not overcome it,” amidst all the trials and tension he is currently facing.
Last April 26, his former business partners John L. Lewis and Richard L. Clark sued Gaines for fraud. They’re asking for $1 million dollars in damages. The lawsuit also includes the demand for the restoration of the two’s Magnolia Realty ownership on top of moral damages.
The two accused Gaines of conspiring to cheat them by buying out their stakes for $2,500 each back in 2013. Lewis and Clark claimed that Gaines did not inform them that Magnolia Realty was already in a position to boom with just two days before HGTV took “Upper Fixer” on board. The TV show provided significant exposure for the real estate company, which helped in the rise of its value.
According to the lawsuit, Gaines had allegedly “conspired to eliminate his business partners — notwithstanding their longstanding friendship — in order to ensure that he alone would profit from Magnolia Realty’s association with Fixer Upper.”
On the flip side, Gaines’ camp dismissed the charges. “We are confident that these claims will be found to be meritless, and it is disappointing to see people try to take advantage of the hard work and success of Chip and Joanna Gaines,” said his attorney, Jordan Mayfield.