Penthouse Publisher Can Use Cash Collateral During Ch. 11

Law360, Wilmington (September 18, 2013, 5:52 PM EDT) -- A Delaware bankruptcy judge gave the interim green light Wednesday to a host of first-day motions from Penthouse publisher FriendFinder Networks Inc., including the use of cash collateral to help the business continue to operate through what it hopes will be a quick Chapter 11 process.

U.S. Bankruptcy Judge Christopher S. Sontchi indicated he would grant interim approval of several other requests from the company, which also runs a host of adult and dating websites, including motions to continue paying its employees and using its bank...
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