Bankruptcy Court OKs $28M 'Girls Gone Wild' Deal With Wynn

Law360, Los Angeles (August 9, 2013, 6:09 PM EDT) -- A federal bankruptcy judge on Friday approved a settlement agreement between casino magnate Stephen A. Wynn and the bankruptcy trustee of the California company behind the “Girls Gone Wild” video series, reducing Wynn’s claims against the company to $28 million.

U.S. Bankruptcy Judge Sandra R. Klein’s approval comes two weeks after creditors in the bankruptcy railed against the settlement, which reduces Wynn’s claims against GGW Brands LLC, arguing that it unfairly favors Wynn and neglects at least $8.7 million in claims owed to other creditors.

Some creditors...
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