December 16, 2013
A Delaware bankruptcy judge confirmed the Chapter 11 plan for the publisher of Penthouse magazine Monday, which will give it a path to exit bankruptcy as a private company, but not before the debtor addressed objections raised by the U.S. Securities and Exchange Commission over shareholder rights.
October 11, 2013
A Delaware bankruptcy judge gave the nod Friday to a transaction support agreement between the publisher of Penthouse magazine and the vast majority of its senior debt holders, allowing the company to restructure its more than $500 million in debt.
October 04, 2013
The former financial advisory firm for Penthouse magazine's publisher claimed Friday that the publisher terminated its contract days before seeking bankruptcy protection in Delaware to skip out on a $3.5 million bill, saying its court filings are misleading enough to undermine the firm's subsequent claim.
September 26, 2013
A company that sells erotic photographs by late former Penthouse magazine owner Bob Guccione slapped the magazine's bankrupt current owner with an adversary lawsuit Wednesday in Delaware bankruptcy court, claiming the publisher wrongfully forced it to shut down its website for alleged copyright violations.
September 23, 2013
Bankrupt FriendFinder Networks Inc., which publishes Penthouse magazine and operates a collection of dating and adult entertainment websites, submitted a Chapter 11 reorganization plan Saturday that calls for restructuring more than $565 million in bondholder debt.