NBCUniversal and companies linked to its CNBC show “The Profit” and its frontman, entrepreneur Marcus Lemonis, have prevailed in a legal dispute with one of the show’s contestants.
An arbitrator in May dismissed fraud and breach of contract claims that were brought by the bankruptcy trustee of Precise Graphix, a Pennsylvania interior decor manufacturer that appeared on the show and later collapsed, finding that the allegations were “unsupported by competent, credible evidence.”
The arbitrator awarded $7.1 million in attorney’s fees and costs to NBCUniversal, recreational vehicle retailer Camping World Inc. (which is part-owned by Lemonis, its chief executive) and production company Machete. The arbitration ruling was revealed Wednesday in documents filed by Camping World in bankruptcy court for the Eastern District of Pennsylvania.
