facebook
twitter
rss
account
search
search
 

Girls Gone Wild files for Chapter 11 bankruptcy protection

March 1, 2013 at 11:44 PM   |   Comments

| 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.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
'Fifty Shades of Grey' director's home raided by police
2
Kate Beckinsale joined by Lucas Till in 'The Disappointments Room'
3
Vicki Gunvalson explains what gay looks like to her
4
Adam Lambert, Lady Gaga perform homage to Queen
5
Al Pacino rules Venice Film Festival on Saturday
Trending News
Video
x
Feedback