Million-dollar lawsuit filed against ‘Fixer Upper’ star Chip Gaines
WACO, Texas (KWKT) — Chip Gaines of “Fixer Upper” fame is facing a lawsuit accusing him of fraud, which seeks more than $1 million in relief.
John Lewis and Richard Clark say Gaines convinced them to sell their pieces of Magnolia Realty for just $2,500 each in May of 2013. They say Gaines told them, “There are no assets” and the company was “less than worthless.”
Days later, Gaines announced HGTV and Scripps Networks planned to produce the television show.
The lawsuit filed Wednesday in McLennan County’s 170th District Court also says Gaines concealed that information, which directly affected the value of Magnolia Realty.
The plaintiffs also claim in the lawsuit that Chip Gaines sent the following text message when Clark became upset that Gaines was trying to lower the buyout: “You better tell Rick to be careful. I don’t come from the nerdy prep school he’s from. And when people talk to me