If you saw “Girls Gone Wild” in this headline and thought “is that still a thing?” it actually might not be anymore, starting soon. The storied house of female objectification has just filed for Chapter 11 bankruptcy. Woooooo!
Or rather, three subsidiaries of it: GGW Magazine, GGW Events, and GGW Direct. Francis’ executive assistant said in a statement that this is not a sign the company is in trouble, they are just using bankruptcy as a “restructuring” tool. “Just like American Airlines and General Motors, it will be business as usual for Girls Gone Wild,” she writes. GGW is merely using the Chapter 11 filing “to restructure its frivolous and burdensome legal affairs.”
Translation: they are trying to get out of paying the money they owe to people, like the $10.3 million it owes to Steve Wynn ($7.5 million of which a judge ordered GGW to pay as the outcome of a slander suit, $2 million of which is a gambling debt) and the $5.8 million a judge awarded a St. Louis woman who claimed her breasts had been exposed against her will in Girls Gone Wild Sorority Orgy. What a frivolous bitch, wanting something in return for that. GGW Brands called this sum a “trade debt” in its filing, despite the fact that “trade debts” are generally money you owe to suppliers, vendors and other service providers. But maybe “non-consensually revealed boobs” were considered a “supply” in this case?
Of course, it remains to be seen whether or not this dirty trick will work, as judges are a little bit quicker on the uptake than the drunken, barely-legal humans Joe Francis usually deals with. Perhaps he could try getting them drunk first.
(Via Bloomberg)
