Welcome

CNBC’s Lemonis Wins Halt to Looting Suit by ‘Profit’ Contestants

March 30, 2021, 7:06 PM

CNBC host and Camping World Holdings Inc. CEO Marcus Lemonis persuaded a Delaware judge Tuesday to pause a lawsuit that alleges he “looted” a fashion company that appeared on his hit business rescue show, “The Profit,” while parallel litigation plays out in federal court.

Vice Chancellor Morgan Zurn issued a temporary stay halting Delaware Chancery Court proceedings pending the outcome of a case filed the same day by the same former contestants in the U.S. District Court for the Southern District of New York. She cited “the rule against claim splitting.”

“Both complaints describe Lemonis’ alleged scheme of overloading plaintiffs ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.