Popular reality-tv star and host of "Fixer-Upper" Chip Gaines is being sued by his former cofounders of Magnolia Real Estate Company.

According to news reports, John L. Lewis and Richard L. Clark are suing Gaines in Texas state court for $1 million. Lewis and Clark charge that Gaines bought them out of the company for $2,500 just days before the HGTV series premiered nationally and that Gaines didn't mention anything to them before the sale.

In response to the lawsuit, Gaines tweeted, "Fyi: Ive had the same cell # 15 years.. same email for 20 yrs. No one called or emailed? 4 years later 'friends' reach out via lawsuit.. humm."

Gaines' attorney told Fox News, "We are confident that these claims will be found to be meritless, and it is disappointing to see people try to take advantage of the hard work and success of Chip and Joanna Gaines."

—Source: foxnews.com