NobleTeam360 said:
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.