'Girls Gone Wild' Fights Ch. 11 Trustee Deal With Wynn

Law360, Chicago (July 24, 2013, 1:21 PM EDT) -- The bankrupt company behind the racy “Girls Gone Wild” videos balked at a settlement on Tuesday struck between its court-appointed trustee and casino magnate Steve Wynn, claiming the deal is based on the faulty premise that the company is liable for the debts its founder owes Wynn.

The settlement, secured last week by GGW Brands LLC trustee R. Todd Neilson, frees up $800,000 for the bankruptcy estate in return for allowing $28 million — or 90 percent — of Wynn’s claims against GGW. The claims stem...
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