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Old 03-10-2008, 05:20 PM  
SHANESWORLD
Eric
 
Join Date: Feb 2008
Posts: 577
XBIZ NEWS: Penthouse Sued Over AFF Acquisition. HOLY SHIZZLE!!!!!!

HOLY SHIT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

http://xbiz.com/news/90958


LOS ANGELES ? Broadstream Capital Partners, a merchant bank that assists with mergers and acquisitions, has filed a lawsuit against Penthouse Media Group Inc. The suit alleges Penthouse breached a contact to acquire Various Inc. ? the company that owns and operates AdultFriendFinder.com and other social networking sites ? as a joint venture with Broadstream.

In its lawsuit, which was originally filed in Los Angeles Superior Court in December and moved to U.S. District Court in February, Broadstream alleged that Penthouse has committed breach of contract, breach of the covenant of good faith and fair dealing, breach of fiduciary duty and constructive fraud. .................................


READ MORE AT XBIZ.COM!!!!!!!


http://xbiz.com/news/90958
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Last edited by SHANESWORLD; 03-10-2008 at 05:22 PM..
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