fixer upper’s chip gaines sued by former partners

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fixer upper’s chip gaines is being sued by his former business partners in a million-dollar lawsuit over his ultra-successful magnolia company. stars at courtaccording to court documents obtained by us weekly, john l. lewis and richard l. clark, cofounders and former partners of magnolia realty, filed the suit against gaines on wednesday, april 26. the pair claim that gaines bought them out two days before fixer upper premiered in may 2013 and paid them $2,500 each for their shares. lewis and clark claim that the reality star didn’t tell them that hgtv would broadcast the show nationally and “that the show prominently featured the ‘magnolia’ brand name” before the sale. “with this information in hand, chip gaines convinced plaintiffs to sell their membership interests in magnolia realty quickly to him before a public announcement that fixer upper was picked up by hgtv,” the lawsuit says. reality tv's breakout starsthe pair allege that gaines — who runs the business now with his wife, joanna gaines — “forced the sale of the business for a fraction of its true value by hiding the fact that ‘magnolia’ was soon to receive nationwide advertising and branding......

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