Overview

• Trinity Broadcasting filed fraud and breach claims in U.S. Bankruptcy Court, alleging Phil McGraw, Peteski and Merit Street promised 160 new 90‑minute episodes and misrepresented rights to the Dr. Phil library under a 10‑year pact.
• McGraw’s side disputes the allegations, asserting episodes were produced and arguing TBN failed to provide national distribution and delivered inadequate production services.
• TBN says it spent more than $100 million backing the venture, including up to $13 million per month, and claims no new episodes were delivered under the purported deal.
• The countersuit seeks damages, rescission of the deal, enforcement of a contested stock amendment, and court declarations restoring TBN‑appointed directors to Merit Street’s board.
• The judge noted discovery resistance by Merit Street, kept Chapter 11 in place for now, denied counsel’s withdrawal, and set a September 2 hearing that could dismiss the case or convert it to Chapter 7.