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Daily Real Estate News | April 15, 2011 | Richard C. Davis, a South Carolina real estate broker with a specialty in flipping homes, won a $4 million court appeal against A&E’s “Flip This House,” a TV series he appeared on during the show’s first season. The Fourth Circuit Court of Appeals this week upheld a jury verdict in a lawsuit from Davis, who sued the reality TV show claiming they never paid him for half of the show’s revenues from the first season that he says was orally agreed upon with the network. Davis claimed breach of contract and fraud against the network in the lawsuit. He says the network provided him with an oral agreement to split the net revenue from the show in exchange for him developing and appearing on the show--a show which he says was his idea. “Flip This House” premiered in 2006 and became popular during the housing boom when flipping homes was more prevalent. Davis left the show after the first season when the dispute over compensation arose. He then went on to create a similar show, “The Real Estate Pros,” on TLC. A federal jury court in 2008 first granted Davis the $4 million in damages for his share of revenue from the first of the series’ four seasons. Source: “A&E Loses $4 Million Appeal Over ‘Flip This House,’” Reuters News (April 11, 2011) |
