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'Girls Gone Wild' Files for Bankruptcy
Joe Francis (s_bukley / Shutterstock.com)
For those of you who hate Joe Francis (and we know you are many), you will revel in the news that his hugely loathed company, "Girls Gone Wild," appears to be filing for bankruptcy. Fox News reports that the documents were filed in court yesterday in California, and that the reason for the filing was to protect Francis' assets from big-time Vegas hotelier Steve Wynn. Wynn has been after Francis since 2007, when Wynn asserts that Francis racked up a $2 million debt with the hotel while gambling.
Wynn now claims that the debt is up to $10.3 million.
GGW Brands LLC and several other Girls Gone Wild branches were put under Chapter 11 protection as of yesterday.
Wynn and Francis have been at each other's throats for years now -- last year, Wynn accused Francis of defamation for saying that the hotel mogul threatened to bury Francis in the desert.
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