CNBC's 'The Profit' at the center of a $30-million fraud claim [Los Angeles Times (CA)]
Camping World Holdings, Inc. Class A (CWH)
Last camping world holdings, inc. class a earnings: 2/27 04:05 pm
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Source: Los Angeles Times
In 2015, Dean and Keith Lyden’s Allentown, Pa., design company was featured on the CNBC show “The Profit,” a popular, eight-season-long show about struggling businesses that swap a stake in the company for cash and the guidance of presenter and entrepreneur Marcus Lemonis. Seven years later the company, Precise Graphix, is in bankruptcy and its trustee is pinning the blame for its misfortune on NBC and Lemonis. A trustee for the estate is suing NBCUniversal, the production company Machete and the retailer Camping World, which is part owned by Lemonis, for fraud and breach of contract, among other allegations. Instead of helping the business, the show caused its demise, according to a lawsuit filed in Los Angeles Superior Court this week that is seeking at least $30 million in damages. “NBCUniversal and, subsequently Machete, created a mob-style scam that disparaged, denigrated, and falsely portrayed the businesses they promised to help, like Precise Graphix,” Lynn E. Feldman, the Chap
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CWH
Earnings
- 2/21/24 - Beat
CWH
Sec Filings
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- 4/1/24 - Form 4
- CWH's page on the SEC website