Judge Stays Penthouse Publisher's Suit Over $500M Acquisition

Law360, New York (July 23, 2012, 8:08 PM EDT) -- A New York state judge on Monday temporarily put on hold Penthouse magazine publisher FriendFinder Networks Inc.'s suit against accounting firm Grant Thornton LLP, which allegedly didn't uncover a personal-ad company's failure to pay European taxes before the publisher bought it for $500 million.

Judge Lawrence K. Marks said at the end of a hearing in his downtown Manhattan courtroom that he would stay the case in New York while a similar suit in Florida state court plays out instead of tossing out most of FriendFinder...
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