Lemonis loses bid to dismiss Tadros’ case
May 25th, 2017
A judge has ruled the case against reality TV personality Marcus Lemonis can move forward.
Cook County Circuit Court Judge James Snyder denied Lemonis’ motion to dismiss the case filed against him by Chicago businessman Phil Tadros, the founder of Bow Truss Coffee Roasters.
Lemonis had signed a letter of intent last year to buy Tadros’ coffee business for $3.25 million. But the deal fell apart in December when Lemonis said Tadros had hid the company’s debt. Tadros has counted that he was “transparent” about the company’s state of affairs and in turn filed a $26.2 million lawsuit accusing Lemonis, star of CNBC’s “The Profit,” of a fraudulent scheme to devalue Bow Truss.
Does that mean there’s discussion of a settlement?
Get the details in my Taking Names column in the Chicago Sun-Times.