Dr. Phil, Designers Settle $26M Contract Suit

Law360, New York (July 27, 2011, 7:32 PM EDT) -- TV personality Dr. Phil McGraw and his wife on Tuesday settled a $26 million lawsuit in California brought by former associates who claim the couple violated agreements to remodel their house and help launch a skin care line.

Plaintiffs Deborah Flattery and Brynja McGrady told a Los Angeles judge on Tuesday that they had reached a settlement with the McGraws and would dismiss the suit once the settlement was fulfilled.

The settlement notice, which calls for the court to begin the dismissal process after 60 days,...
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