facebook
twitter
search
search

Girls Gone Wild files for Chapter 11 bankruptcy protection

March 1, 2013 at 11:44 PM
| License Photo

LOS ANGELES, March 1 (UPI) -- The production company behind the controversial "Girls Gone Wild" videos has filed for Chapter 11 bankruptcy in Los Angeles, USA Today reported.

GGW founder Joe Francis has lost high-profile lawsuits that racked up more than $13 million in jury awards and $2 million in other debts for the company.

USA Today called GGW's bankruptcy restructuring filing this week a strategic move to protect itself from paying up what it owes.

"Just like American Airlines and General Motors, it will be business as usual for Girls Gone Wild," the company said in a statement.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Paul McCartney likens post-John Lennon era to 'revisionism,' talks songwriting controversy
Subway spokesman Jared Fogle under investigation
Rumer Willis stuns in new bikini photos
Yolanda Foster posts photo in hyperbaric chamber for Lyme disease treatment
Russell Wilson, girlfriend Ciara practicing abstinence