'Girls Gone Wild' Creditors Say Wynn Settlement Is Unfair

Law360, New York (July 29, 2013, 6:30 PM ET) -- Creditors in the bankruptcy of the California company behind "Girls Gone Wild" on Friday railed against a settlement reached with casino giant Steve Wynn, arguing that the agreement unfairly favors Wynn and neglects at least $8.7 million in claims owed to other creditors.

The "shotgun wedding settlement," which reduces Wynn's claims against GGW Brands LLC to $28 million, ignores a Sept. 12 deadline for claims and proofs of interest, shutting out at least 17 other creditors in the company's bankruptcy, according to court documents. The settlement...
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