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Girls Gone Wild Files for Bankruptcy; Where Will America’s Men Find Boobs?

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If you’re a heterosexual male of a certain age, you have at least a passing familiarity with the “Girls Gone Wild” franchise. The collection of co-eds with bad judgment/soft-core videos are either a randy diversion or that scene in “Fame” where Irene Cara cries while the creepy dude takes topless photos of her.

Well, one thing is clear: “Girls Gone Wild” is completely delusional. 

This was revealed when GGW Brands filed for Chapter 11 bankruptcy Thursday, claiming more than $16 million in debts. (Don’t worry: the company will still sell DVDs.) Its statement to TheWrap also serves as a work of inspired corporate satire.  

“Yesterday several of the U.S. operating entities for Girls Gone Wild joined the ranks of companies like American Airlines and General Motors having sought reorganization under Chapter 11 of the United States Bankruptcy code. Girls Gone Wild remains strong as a company and strong financially. The only reason Girls Gone Wild has elected to file for this reorganization is to re-structure its frivolous and burdensome legal affairs.  This Chapter 11 filing will not affect any of Girls Gone Wild’s domestic or international operations. Just like American Airlines and General Motors, it will be business as usual for Girls Gone Wild.”

Grouping GGW with American Airlines and GM is not a stretch. After all, GGW is America’s primary source of exposed  undergrad boobs and cheap T-shirts. There are no data available, but I’m almost certain these videos will be the leading cause of women being dismissed from public office in 25 years.

This is not the first time the company’s vulnerability has been highlighted. TheWrap also includes this handy summary.

The “burdensome legal affairs” could be interpreted as referring to the millions in damages that Girls Gone Wild mogul Joe Francis has had rendered against him in recent years. As Bloomberg points out, a judge awarded casino boss Steve Wynn and his Wynn Las Vegas $7.5 million in April, after Francis claimed that Wynn had swindled deep-pocketed gamblers.

(In September, that number ballooned to $40 million, after Francis was slapped with punitive damages and compensatory damages.)

There have been other legal liabilities, such as a judgment with St. Louis woman Tamara Favazza, who was awarded $5.8 million after suing Francis in 2008, claiming that Girls Gone Wild used naked images of her without her consent.

Honestly, someone has to write a book about this. It would sell like crazy. Especially if there are lots of pictures.

 

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