Girls Gone Wild founder Joe Francis has filed for bankruptcy to protect his soft-core porn empire from Casino mogul Steve Wynn’s $10 million debt claim and a $5.8 million claim for using a naked woman’s pictures without consent.
Wynn has been after Francis for six years. Francis failed to pay a $2 million gambling debt to a hotel owned by Wynn during a trip in February 2007. Last year, Wynn’s resort won $7.5 million from a defamation case “stemming from Francis’s public attack falsely accusing Wynn of deceiving customers.”
So how does filing for bankruptcy affect Girls Gone Wild? According to Francis’s executive assistant Heather Brooke, it’s business as usual. “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.”
GGW brands are using this bankruptcy claim to “…restructure its frivolous and burdensome legal affairs,” Brooke said in a statement. In the statement, she also claimed that Joe Francis hadn’t owned the company for two years.
So filing for bankruptcy doesn’t mean the end of Girls Gone Wild. However, does Girls Gone Wild have a place in the age of social media? Read more…