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'Girls Gone Wild' files for bankruptcy over debts

By Star-Advertiser staff

LAST UPDATED: 10:56 a.m. HST, Feb 28, 2013

LOS ANGELES » "Girls Gone Wild" has filed for bankruptcy in a move it says is an effort to restructure its legal affairs after several disputed court judgments.

The company filed for Chapter 11 bankruptcy on Wednesday in Los Angeles, listing more than $16 million in disputed claims.

The largest claim is $10.3 million that Wynn Resorts is seeking from the company for judgments entered against "Girls Gone Wild" founder Joe Francis over a gambling debt and statements he has made about the casino and its founder, Steve Wynn.

Francis no longer owns the company, which has made a fortune selling videos and magazines of young women flashing their breasts.

"Girls Gone Wild" issued a statement that it is financially strong but needed to "re-structure its frivolous and burdensome legal affairs."

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Goodmedivice wrote:
This comment has been deleted.
on February 28,2013 | 10:05AM
allie wrote:
sexist comments. No girl I know would appear on such a wretched advertisement. We do not exist for your pleasure!
on February 28,2013 | 12:14PM
honopic wrote:
Nor, sadly in your case allie, do you exist for your own pleasure. I try very hard to ignore your negativity and abstain from responding to your posts for days, sometimes weeks at a time. But as much as you irritate me, you also make me feel bad for you. Why is are most of your responses downers? Why do you always see the glass half-empty? Or, more often, broken? You rarely have a positive thing to say. Isn't there a ray of sunshine in your Hawai'ian sky? Don't like "Girls Gone Wild?" Fine. Many would agree. Igrore them. They are nothing. But to turn this trivial item into yet another "hey, listen to me, life sux" moment is -- well, sad.
on February 28,2013 | 01:11PM
RichardCory wrote:
on February 28,2013 | 10:37AM
iwanaknow wrote:
Don't worry, some copy cat will jump in..........the easy money is to good to pass up.
on February 28,2013 | 10:38AM
allie wrote:
with as much Internet sex free I wonder why anyone would buy their vid?
on February 28,2013 | 12:15PM
honopic wrote:
And you know about how much internet sex is free how?
on February 28,2013 | 01:01PM
st1d wrote:
sadly, their sensitive artistic portrayals of young women in search of global piece must find another outlet that respects their intellectual intuitiveness.
on February 28,2013 | 01:20PM
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