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
Christie Brinkley congratulates ex Billy Joel on new marriage
'Can't Buy Me Love' actress Amanda Peterson dead at 43
Elizabeth Olsen accidentally flashes underwear in Paris
Michael Eisner tells Goldie Hawn beautiful women 'are not funny'
Ben Affleck, Jennifer Garner vacation amid divorce announcement