Hefner's $5M Deal With Playboy Investors Wins Court OK
By Jake Simpson ( March 20, 2013, 5:38 PM EDT) -- Playboy Enterprises Inc. founder Hugh M. Hefner and a private equity firm won a Delaware Chancery Court judge's approval Tuesday to pay $5.25 million to settle class action claims that Playboy's minority shareholders were shortchanged when the pop culture icon took the company private....
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