Too big to fail.. Girls Gone Wild goes bankrupt

[sethnintendo]

NobleTeam360 said:

irstupid said:

NobleTeam360 said:

sethnintendo said:

NobleTeam360 said:
What's girls gone wild?

http://en.wikipedia.org/wiki/Girls_Gone_Wild_%28franchise%29

Mainly just shows a bunch of girls taking their tops off.  They started adding lesbian scenes in after awhile.  Mainly just one big Mardi Gras party.

Oh, no wonder they went bankrupt I can view that type of stuff for free. 

Sounds like he was poor with his money though and not just that this wasn't making any.

 

But whatever, his job was to go around and give girls free t-shirts if they flashed their boobs and sometimes made out or had lesbian sex basically.

It lasted for probably 10 years, so who cares if he went backrupt.  I'm sure most people would like to trade jobs.

Um ok?

Taken from the article

"GGW founder Joe Francis has lost high-profile lawsuits that have saddled his firm, GGW Brands, with more than $13 million in jury awards and $2 million in other debts.

He owes Las Vegas mogul Steve Wynn $10.3 million, including a $7.5 million slander award last year and a disputed $2 million gambling debt.

A St. Louis woman sued Francis' company in 2008 to collect $5.8 million she was awarded after claiming someone exposed her breasts in a bar for the Girls Gone Wild Sorority Orgy series."

 

So they had a few lawsuits that they owe 13 million and the former CEO had a 2 million gambling debt.  So they messed up along the way of becoming obsolete.