HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Girls Gone Wild files for...
Introducing Discussionist: A new forum by the creators of DU

Thu Feb 28, 2013, 03:14 PM

Girls Gone Wild files for bankruptcy

Source: CNN Money

Girls Gone Wild, the softcore video empire founded by Joseph Francis, has filed for bankruptcy after accruing millions of dollars in debt, mostly to casino mogul Steve Wynn.
The various incarnations of Girls Gone Wild, including GGW Brands LLC, GGW Direct LLC, GGW Events LLC and GGW Magazines LLC, filed for Chapter 11 bankruptcy protection Wednesday in U.S. Bankruptcy Court for the Central District of California in Los Angeles.
In documents filed with the court, GGW manager Chris Dale said the company has less than $50,000 in assets and fewer than 50 creditors. The debtor checked the box claiming "there will be no funds available for distribution to unsecured creditors."


Read more: http://money.cnn.com/2013/02/28/news/companies/girls-gone-wild/



I guess they have all been domesticated then.

31 replies, 3960 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 31 replies Author Time Post
Reply Girls Gone Wild files for bankruptcy (Original post)
srican69 Feb 2013 OP
Berlum Feb 2013 #1
Ilsa Feb 2013 #4
thelordofhell Feb 2013 #8
LineLineLineLineReply +
struggle4progress Feb 2013 #11
Kennah Feb 2013 #23
Neoma Feb 2013 #19
ismnotwasm Feb 2013 #13
Drale Feb 2013 #2
bluedigger Feb 2013 #3
abbeyco Feb 2013 #5
bluedigger Feb 2013 #6
riqster Feb 2013 #7
Kennah Feb 2013 #24
riqster Feb 2013 #9
BadgerKid Feb 2013 #15
silvershadow Feb 2013 #27
Aerows Feb 2013 #22
Buzz Clik Feb 2013 #10
Neoma Feb 2013 #20
groundloop Mar 2013 #31
derby378 Feb 2013 #12
tammywammy Feb 2013 #14
PatrynXX Feb 2013 #16
DollarBillHines Feb 2013 #17
rachel1 Feb 2013 #18
LineLineReply +
struggle4progress Feb 2013 #21
Kennah Feb 2013 #25
riqster Feb 2013 #26
Kennah Mar 2013 #28
Hekate Mar 2013 #29
riqster Mar 2013 #30

Response to srican69 (Original post)

Thu Feb 28, 2013, 03:18 PM

1. Maybe they could serve as hosts for the Oscars next year

You know, improve the moral rectitude of the affair, and that sort of thing...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Berlum (Reply #1)

Thu Feb 28, 2013, 03:22 PM

4. They could change the lyrics to: "You saw our boobs."

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Ilsa (Reply #4)

Thu Feb 28, 2013, 04:04 PM

8. We Saw You're Boobs

Reply to this post

Back to top Alert abuse Link here Permalink


Response to thelordofhell (Reply #8)

Thu Feb 28, 2013, 04:14 PM

11. +

Reply to this post

Back to top Alert abuse Link here Permalink


Response to thelordofhell (Reply #8)

Thu Feb 28, 2013, 09:50 PM

23. That could also be directed at the GOP

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Ilsa (Reply #4)

Thu Feb 28, 2013, 08:31 PM

19. That should be a DUzy.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Berlum (Reply #1)

Thu Feb 28, 2013, 04:16 PM

13. Heh

Reply to this post

Back to top Alert abuse Link here Permalink


Response to srican69 (Original post)

Thu Feb 28, 2013, 03:19 PM

2. I don't know how they have stayed in business in the last 8 years

with all the same content online for free, why would anyone but old creepers who are up at 3 am buy their crap?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to srican69 (Original post)

Thu Feb 28, 2013, 03:21 PM

3. Another victim of the soft economy.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to bluedigger (Reply #3)

Thu Feb 28, 2013, 03:32 PM

5. I guess it was hard for them to keep it up for that long.



Reply to this post

Back to top Alert abuse Link here Permalink


Response to abbeyco (Reply #5)

Thu Feb 28, 2013, 03:36 PM

6. They expected conditions to firm up, but they just failed to grasp the situation.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to bluedigger (Reply #6)

Thu Feb 28, 2013, 04:03 PM

7. One of the worst sites I ever came across.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to riqster (Reply #7)

Thu Feb 28, 2013, 09:52 PM

24. They're not a legitimate business as the economic body found a way to shut the whole thing down

Reply to this post

Back to top Alert abuse Link here Permalink


Response to bluedigger (Reply #3)

Thu Feb 28, 2013, 04:06 PM

9. They could not overcome?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to bluedigger (Reply #3)

Thu Feb 28, 2013, 06:01 PM

15. Evidently an injection of gov't liquidity is off the table. n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BadgerKid (Reply #15)

Thu Feb 28, 2013, 11:28 PM

27. rotflol!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to bluedigger (Reply #3)

Thu Feb 28, 2013, 09:04 PM

22. They are definitely

getting stripped of their assets

Reply to this post

Back to top Alert abuse Link here Permalink


Response to srican69 (Original post)

Thu Feb 28, 2013, 04:11 PM

10. Another business goes tits up.

Errr... am I allowed to say that?

We'll see....

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Buzz Clik (Reply #10)

Thu Feb 28, 2013, 08:33 PM

20. That's kind of iffy.

But uhm, I think the whole topic is iffy too.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Buzz Clik (Reply #10)

Fri Mar 1, 2013, 07:45 AM

31. I wonder if many would get it if you'd said "Tango Uniform"

But as far as Girls Gone Wild, while as a red blooded American male I have a healthy appreciation for the female body, I always felt like the GGW people were sleazeballs who were exploiting young (drunk) women in the name of making a quick buck.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to srican69 (Original post)

Thu Feb 28, 2013, 04:15 PM

12. Steve Wynn???

Since I've never watched a GGW tape, all I can say is, I never would have guessed.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to derby378 (Reply #12)

Thu Feb 28, 2013, 04:40 PM

14. That's the only interesting part is Joe Francis owing Wynn Las Vegas $10.3M.

I wonder what that's about.

edited to add:
Found out!

Last year, Wynn and his company won a slander lawsuit against Joe Francis, founder of the “Girls Gone Wild” franchise, which features college-age women in reality TV-style shows focused on drinking, stripping and sex.

“The court finds that Francis made a knowing and intentional false and defamatory statement,” a Nevada judge ruled in April in awarding $7.5 million to Wynn and Wynn Las Vegas. Francis lied when he claimed he had proof that Wynn tricked high-end gamblers, the judge ruled.
http://www.businessweek.com/news/2013-02-28/girls-gone-wild-files-bankruptcy-to-fight-vegas-debt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to srican69 (Original post)

Thu Feb 28, 2013, 06:32 PM

16. So does

that mean the three dvd's I have are collectors items now (they ripped me off. took forever to cancel them) only good ones were the parties. not he RV stuff

Reply to this post

Back to top Alert abuse Link here Permalink


Response to srican69 (Original post)

Thu Feb 28, 2013, 06:41 PM

17. Couldn't happen to a more deserving prick. nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to srican69 (Original post)

Thu Feb 28, 2013, 07:29 PM

18. Good riddance. The company will not be missed.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to rachel1 (Reply #18)

Thu Feb 28, 2013, 08:48 PM

21. +

Reply to this post

Back to top Alert abuse Link here Permalink


Response to srican69 (Original post)

Thu Feb 28, 2013, 09:53 PM

25. So is anything thinking they will rise again?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Kennah (Reply #25)

Thu Feb 28, 2013, 09:58 PM

26. Not without a stroke of genius. nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to riqster (Reply #26)

Fri Mar 1, 2013, 12:10 AM

28. Maybe a little diddling with the idea

Reply to this post

Back to top Alert abuse Link here Permalink


Response to srican69 (Original post)

Fri Mar 1, 2013, 01:03 AM

29. Awwwwwwwww

Reply to this post

Back to top Alert abuse Link here Permalink


Response to srican69 (Original post)

Fri Mar 1, 2013, 06:03 AM

30. A bunch of jerks nt

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread