Home > News > TMZ Reports Hefner Sued by Playboy Shareholder • Bookmark   • Newsletters   • Register Search Options


TMZ Reports Hefner Sued by Playboy Shareholder

TMZ Reports Hefner Sued by Playboy Shareholder
Get XBIZ News
XBIZ Research
Will virtual reality boost the paysite market?
Yes, it will soon
Yes, but in a few years
Out of 179 votes. Results based on votes submitted by members of XBIZ.net social network.
Feb 9, 2010 7:00 AM PST    Text size: 

HOLMBLY HILLS, Calif. — Celebrity tracker site TMZ.com reported that Hugh Hefner has been sued by a Playboy shareholder claiming the company is falling apart and Hefner has sabotaged two recent deals in the last six months so he can continue to live his lavish lifestyle.

TMZ reported that the unnamed plaintiff(s) in the suit claims that “Hefner runs roughshod over the shareholders and they want unspecified damages.”

The story also said that an investment company that analyzed Playboy's business sent a note stating, "we think the wildcard here is Hugh Hefner.” The note continued, “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?"

What appeared to be a promising deal went sour last December when branding company Iconix Brand Group, Inc., the parent of London Fog and Danskin, shut down talks between the two companies.

Speculation at that time was that Hefner would continue to control the magazine and remain in the mansion while the other Playboy divisions were divested, shut down or be sold to partners by Iconix. However, Bloomberg news reported that the talks shut down when Iconix decided it would be too hard to split the Playboy brand from the rest of the company.

According to TMZ, 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."

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !


Quality Network Partners Bolster Cam Studio Success

There is a potent dynamic in the cam world between consumers, models, networks and studios, with each playing a vital role in the forging of this erotic ecosystem. One often overlooked factor is the role... More »

Retailers Talk BDSM Shopping Trends

These days, BDSM is so mainstream that it is being depicted in everything from beer commercials to telenovelas. Floggers, paddles, ball gags and handcuffs were once considered the bad boys of adult retail;... More »

Specialty Manufacturers Talk Popularity of Handcrafted BDSM Gear

The proverbial cat is out of the bag for fetishes — and the dog, and the dragon, and a whole other slew of kink accessories that put blindfolds and handcuffs to shame. “Fifty Shades”... More »
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.

Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Access the latest issues of the industry's leading trade publications in digital form. View online or download for offline viewing.


XBIZ Retreat

May 30 - Jun 03
Miami, Florida

XBIZ Miami 2017

May 30 - Jun 02
Miami, Florida

XShow 18+ 2017

Jun 01 - Jun 03
Moscow, Russia

Cam Summit

Jun 02 - Jun 04
Lloret de Mar, Spain
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!