Whats up at Penthouse? - GoFuckYourself.com

AlienQ - BANNED FOR LIFE · 12-28-2005, 03:02 PM

NEW YORK - Robert Guccione, the founder of Penthouse Magazine, has sued the Penthouse Media Group and its officers in New York County Court, claiming they drove his porn empire into bankruptcy, shoveled money into their own pockets while doing so, and refuse to pay him severance money they owe him, according to a court reporting newswire.

Guccione claims that rather than reorganize his financially troubled General Media International, he allowed the defendants to take it over and reorganize, on the promise they would let him keep his townhouse, pay him $1 million a year for 25 years and pay him $15 million if they failed to perform, according to the report.

The newswire further reports that Guccione alleged that the defendants snookered him, refused to pay up once they had control of the new company and owe him $7.5 million plus legal fees.

The 37-page complaint describes the considerable debts Guccione and his companies had run up before he ceded control of his ?empire,? including ?a $50 million art loan that was in default,? and his townhouse, also in default.

A Penthouse Media Group official was not available for comment at press time.

http://www.avn.com/index.php?Primary...tent_ID=252448

::: A V N :::

John69 · 12-28-2005, 03:08 PM

does that mean more bad news for ibill ?

2HousePlague · 12-28-2005, 03:10 PM

Sounds like a zero-trust situation.

AlienQ - BANNED FOR LIFE · 12-28-2005, 03:12 PM

I dunno about you folks, but I could take Penthouse upto date and into the future...

The drama this brand has endured is unbearable.

Truly it is an amazing story, incredibly tragic.

The Brand has delivered some of the most stunning beauty in the history of adult.
Yet...

This kinda crap that makes people uncertain of its future.

They should be making tons of cash.

StuartD · 12-28-2005, 03:13 PM

breaking news on gfy....

http://www.gofuckyourself.com/showthread.php?t=557471

pornguy · 12-28-2005, 03:14 PM

Just crying because he could not hold on to his business.

AlienQ - BANNED FOR LIFE · 12-28-2005, 03:17 PM

Quote:

Originally Posted by John69

does that mean more bad news for ibill ?

Who knows.
Ibill has thrown the Penthouse name around like toilet paper in the past over the years but from what I understand IBILL pushed Penthouse like it was there own when it is supposedly quite the contrary.

Which I think also hurts the Penthouse Brand on the internet.
I got no idea who's what with the whole saga.

Fucken very wicked.

Nilsy42 · 12-30-2005, 08:16 AM

Quote:

Originally Posted by John69

does that mean more bad news for ibill ?

That's mean dude.... really really mean... Hahahaha GREAT!!!
Now, I must find a suitable discussion somewhere just to sitate you!
Thanks.

12-28-2005, 03:02 PM	#1
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	Whats up at Penthouse? NEW YORK - Robert Guccione, the founder of Penthouse Magazine, has sued the Penthouse Media Group and its officers in New York County Court, claiming they drove his porn empire into bankruptcy, shoveled money into their own pockets while doing so, and refuse to pay him severance money they owe him, according to a court reporting newswire. Guccione claims that rather than reorganize his financially troubled General Media International, he allowed the defendants to take it over and reorganize, on the promise they would let him keep his townhouse, pay him $1 million a year for 25 years and pay him $15 million if they failed to perform, according to the report. The newswire further reports that Guccione alleged that the defendants snookered him, refused to pay up once they had control of the new company and owe him $7.5 million plus legal fees. The 37-page complaint describes the considerable debts Guccione and his companies had run up before he ceded control of his ?empire,? including ?a $50 million art loan that was in default,? and his townhouse, also in default. A Penthouse Media Group official was not available for comment at press time. http://www.avn.com/index.php?Primary...tent_ID=252448 ::: A V N ::: __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

12-28-2005, 03:10 PM	#3
2HousePlague CURATOR Join Date: Jul 2004 Location: the attic Posts: 14,572	Sounds like a zero-trust situation. __________________ tada!

12-28-2005, 03:12 PM	#4
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	I dunno about you folks, but I could take Penthouse upto date and into the future... The drama this brand has endured is unbearable. Truly it is an amazing story, incredibly tragic. The Brand has delivered some of the most stunning beauty in the history of adult. Yet... This kinda crap that makes people uncertain of its future. They should be making tons of cash. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

12-28-2005, 03:13 PM	#5
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	breaking news on gfy.... http://www.gofuckyourself.com/showthread.php?t=557471 __________________ This is me on facebook This is me on twitter

12-28-2005, 03:14 PM	#6
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Just crying because he could not hold on to his business. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

12-28-2005, 03:08 PM	#2
John69 Confirmed User Join Date: Sep 2005 Posts: 942	does that mean more bad news for ibill ?