Dum-dum-dum.
Girls Gone Wild founder Joe Francis has put his risqué empire into bankruptcy protection to keep Steve Wynn’s Las Vegas resort from picking at those assets to satisfy a multimillion-dollar lawsuit.
Francis put GGW Brands LLC and other companies related to the brand under Chapter 11 protection Wednesday in California, listing a $10.3 million debt as disputed in the 12-page bankruptcy petition.
Wynn’s resort has been chasing Francis, 39, for years after he failed to pay a $2 million gambling debt to the hotel during a February 2007 trip. In 2012, the resort got a $7.5 million judgment for defamation “stemming from Francis’s public attack falsely accusing Wynn of deceiving customers,” according to the resort’s lawsuit.
Joe Francis has always seemed like a colossal douchebag who harvests elephant ivory to pay for those a-little-too-white teeth, but this feels like the end of an era. Girls Gone Wild, a relic of our masturbatory childhoods, is gone. Pour out a Sex on the Beach in its memory tonight.
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