FriendFinder, Broadstream Settle Longstanding Grievance
 

SUNNYVALE, Calif.?FriendFinder Networks Inc. (FFN) announced Thursday morning that it has reached an agreement to settle litigation with Broadstream Capital Partners, Inc. regarding the 2007 acquisition by Penthouse of FNN.

The announcement contained details of the settlement. "The agreement governing the settlement provides that FFN is obligated to pay Broadstream a total of $15.0 million, in three installments of $8.0 million, $5.0 million and $2.0 million, which are due on July 13, 2011, September 29, 2011 and January 2, 2012, respectively," it stated.

rest of the story:

http://business.avn.com/articles/leg...ce-440532.html

OUCH , greenmail :2 cents:

That's gonna leave a mark :(