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03-01-2013, 09:45 PM
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Living Legend
 
Join Date: Mar 2007
Location: SC
Posts: 3,553
Gender: Male
Member Number: 5117
Thanks: 90
Thanked 633 Times in 396 Posts
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Girls Gone Bankrupt
http://abcnews.go.com/blogs/business...wild-bankrupt/
Girls Gone Wild, founded by Joe Francis, filed for Chapter 11 bankruptcy protection for the soft-core porn business, GGW Brands LLC, amid a legal battle with casino mogul Steve Wynn. The bankruptcy petition was filed on Wednesday in California, a move that will protect assets against a long-standing lawsuit by Wynn, reported the Wall Street Journal. “Yesterday several of the U.S. operating entities for Girls Gone Wild joined the ranks of companies like American Airlines and General Motors having sought reorganization under Chapter 11 of the United States Bankruptcy code,” according to a statement from GGW. “Girls Gone Wild remains strong as a company and strong financially. The only reason Girls Gone Wild has elected to file for this reorganization is to re-structure its frivolous and burdensome legal affairs. This Chapter 11 filing will not affect any of Girls Gone Wild’s domestic or international operations. Just like American Airlines and General Motors, it will be business as usual for Girls Gone Wild.” Among the four largest creditors that were listed, the largest was $10.3 million in disputed debt with Wynn Las Vegas. The dispute stems from a $2 million gambling debt Francis incurred during a trip to the resort in Feb. 2007, according to court papers. Last year, a judgment of $7.5 million was given to the hotel for defamation “stemming from Francis’s public attack falsely accusing Wynn of deceiving customers,” according to the lawsuit filed by the resort. In September, a jury awarded Wynn another $20 million for punitive damages for slander.
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03-01-2013, 11:33 PM
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Starter
Join Date: Feb 2013
Posts: 443
Member Number: 24766
Thanks: 184
Thanked 148 Times in 94 Posts
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Re: Girls Gone Bankrupt
I don't understand how pay for porn companies stay in business anymore. approximately 97.84% of the internet is made up of free porn.
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03-02-2013, 01:37 AM
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IRONMAN a.k.a. Tony Stark
Join Date: Sep 2005
Location: Give me back my game...
Posts: 34,349
Member Number: 658
Thanks: 189
Thanked 236 Times in 167 Posts
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Re: Girls Gone Bankrupt
Quote:
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03-02-2013, 06:23 AM
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Piss Monkey
Join Date: Jan 2011
Location: Third barstool from the left.
Posts: 4,281
Gender: Male
Member Number: 17626
Thanks: 2,074
Thanked 1,360 Times in 881 Posts
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Re: Girls Gone Bankrupt
Quote:
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 I wave my private parts at your aunties, you heaving lot of second-hand electric donkey bottom biters. |
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03-02-2013, 02:51 PM
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Starter
Join Date: Feb 2013
Posts: 443
Member Number: 24766
Thanks: 184
Thanked 148 Times in 94 Posts
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Re: Girls Gone Bankrupt
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03-03-2013, 04:46 PM
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Assistant Coach
 HolmenKollen Ski Jump Champion!Join Date: Jan 2009
Location: Richmond, VA
Posts: 1,075
Gender: Male
Member Number: 12182
Thanks: 56
Thanked 70 Times in 48 Posts
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Re: Girls Gone Bankrupt
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03-05-2013, 06:35 AM
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Bench Warmer
Join Date: Mar 2013
Location: Ball So Hard University
Posts: 355
Gender: Male
Member Number: 24803
Thanks: 301
Thanked 262 Times in 144 Posts
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Re: Girls Gone Bankrupt
To steal a joke from Stephen Colbert, maybe those girls should've "Gone Business School"
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 "I don't know about you Joe, but I would say that qualifies as elite." -Barack Obama |
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