Girls Gone Wild Files for Bankrupcy

[Jase]

Rest in peace, late night softcore commercials played to steel drums.

Can we get a federal bailout plz? Save teh bewbies.

http://www.bloomberg...vegas-debt.html

The company behind the “Girls Gone Wild” videos filed for bankruptcy to protect itself from a $10.3 million debt claimed by Steve Wynn’s Wynn Las Vegas LLC and a $5.8 million award won by a woman who says the company used naked images of her without permission.

“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.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.

GGW Brands LLC said it had about $16.3 million in debt and less than $50,000 in assets. Affiliates GGW Magazine, LLC and GGW Events LLC also sought Chapter 11 protection yesterday in U.S. Bankruptcy Court in Los Angeles.

The bankruptcy case doesn’t mention Francis or the lawsuit. It was signed by a company manager, Chris Dale, and listed its biggest debt as $10.3 million to Wynn Las Vegas. The company said it disputes the validity of that debt and a $5.8 million claim by Tamara Favazza.

GGW Brands filed for bankruptcy “to restructure its frivolous and burdensome legal affairs,” Francis’s executive assistant, Heather Brook, said in an e-mailed statement. She said Francis hasn’t owned the company for two years.

Like GM

“This Chapter 11 filing will not affect any of Girls Gone Wild’s domestic or international operations,” according to the statement. “Just like American Airlines and General Motors, it will be business as usual for Girls Gone Wild.”

Francis has lost a series of multimillion-dollar court cases, including one in which the Nevada Supreme Court ruled he owed $2 million in gambling debt to Wynn. Francis had sought a discount on the debt and promised to pay after he was released from jail in an unrelated case, according to court records.

[pstall]

im sure he spent all his money on top dollar video camera equipment and editing. wait no?

[Cary Kollins]

I always that Francis dude was a huge d bag.

[Mr. Scot]

Girls Gone Broke?

The Bob and Tom radio show had a hilarious parody commercial called "Girls Going 'Whooooo'" :lol:

[Guest]

I read in interview with a GGW cameraman who said Francis was a major douchebag.

[Dpantherman]

The Daily Show ‏@TheDailyShow

#TDSBreakingNews 'Girls Gone Wild' files for bankruptcy. New series: 'Asshole Gone Broke.'

[Panthro]

Well I'm married and so are most of my friends...and internet

sorry Joe

[Mr. Scot]

My former brother-in-law had a load of those tapes. He showed me the original.

So I see a guy talk to a girl for a couple minutes; she's coy at first but eventually starts to agree, then she pulls her shirt up and goes "whoooo".

Next up, guy talks, girl is coy, gives in, shirt up, "whooooo"

Number three, talk, coy, give, shirt, "whooooo"

After about the tenth time , I was like "okay I get it" :unsure:

[TylerDurden]

The night my friend took me out to the strip club for my 18th birthday we stopped by FYE and bought a 3 tape set on VHS (this was still like 2001 or 2002 or so). You know, we decided to knock two things out in one night that our mom's had been keeping us from.

After having real bewbs and vag in my face for most of the night, I came home to FINALLY check out the GGW set, and let me tell you...

I still fapped.