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The Straight Story

(48,121 posts) Thu Feb 28, 2013, 06:02 PM Feb 2013

1

'Girls Gone Wild' goes bankrupt to dodge legal awards

Strategic move aimed at dodging multimillion-dollar claims by Vegas mogul, St. Louis woman.

In a strategic move to protect itself from multimillion-dollar debts and legal awards, the company that produces the Girls Gone Wild videos has filed for Chapter 11 bankruptcy.

The company's videos feature college-age women drinking, exposing themselves or having sex, usually at parties, clubs and events.

GGW founder Joe Francis has lost high-profile lawsuits that have saddled his firm, GGW Brands, with more than $13 million in jury awards and $2 million in other debts.

He owes Las Vegas mogul Steve Wynn $10.3 million, including a $7.5 million slander award last year and a disputed $2 million gambling debt.

http://www.usatoday.com/story/news/nation/2013/02/28/girls-gone-wild-bankruptcy/1954419/

5 replies

= new reply since forum marked as read

Highlight:

'Girls Gone Wild' goes bankrupt to dodge legal awards (Original Post) The Straight Story Feb 2013 OP

ah, just another scum bottom feeding man. nt seabeyond Feb 2013 #1

couldn't happen to a bigger asshole frylock Feb 2013 #2

Actually, he's basically skating away without consequence... JoeBlowToo Feb 2013 #3

yep, you're right.. frylock Feb 2013 #4

The company is going down, not sure about the bubba ProgressiveProfessor Feb 2013 #5

seabeyond

(110,159 posts)

1. ah, just another scum bottom feeding man. nt

Reply to The Straight Story (Original post)

Thu Feb 28, 2013, 06:04 PM

Feb 2013

frylock

(34,825 posts)

2. couldn't happen to a bigger asshole

Reply to The Straight Story (Original post)

Thu Feb 28, 2013, 06:27 PM

Feb 2013

JoeBlowToo

(253 posts)

3. Actually, he's basically skating away without consequence...

Reply to frylock (Reply #2)

Thu Feb 28, 2013, 06:31 PM

Feb 2013

so he's probably happy.

frylock

(34,825 posts)

4. yep, you're right..

Reply to JoeBlowToo (Reply #3)

Thu Feb 28, 2013, 08:43 PM

Feb 2013

further cementing him in the asshole all of fame.

ProgressiveProfessor

(22,144 posts)

5. The company is going down, not sure about the bubba

Reply to The Straight Story (Original post)

Thu Feb 28, 2013, 09:40 PM

Feb 2013

If he has good lawyers, he most likely will not be touched. The company books will be scrubbed looking for anything that can be recovered from him.

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