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STOCKHOLDER ACUSES HUGH HEFNER OF SCREWING PLAYBOY ENTERPRISES
By: Paul Goldberg, Staff Writer - 02-08-10 5:50 p.m. PDT
Email: PaulG@JRLChartsonline.com
This just came into the JRL headquarters JRL fans! Founder of Playboy Enterprises (NYSE: PLA) Hugh Hefner, is allegedly being sued for living the high life and refusing to cut back expenses to help his struggling empire.According to TMZ, they have obtained a class action lawsuit filed by a Playboy shareholder who's name was not available at press time.
The stockholder allegedly claims that the company is falling apart and Hugh has intentionally sabotaged two potential deals in the last 6 months to sell the company at a decent price.
In the lawsuit, an investment firm that was assigned to analyzed Playboy's business sent a note to TMZ stating "we think the wildcard here is Hugh Hefner."
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The note continues, "If you were Hugh Hefner, 81, would you give up the parade of busty blonds, the fancy mansion and the reality TV show for a payout?"
The suit goes on ... "Hefner has continued to live the good life and make sure everyone knows it. Hefner remains in the limelight, showing up at media events and at the Playboy mansion ... with his girlfriends by his side."
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The suit laments, "Today, the price of a Playboy magazine is far higher than the price of Playboy common stock."In 1999, the stock sold for $36 a share. Today Playboy closed at $3.14.
The magazine sells for $5.99 ... because of the articles. Read more at www.TMZ.com
