Home > News > Whistleblower Sues Playboy for Wrongful Termination • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Whistleblower Sues Playboy for Wrongful Termination

Whistleblower Sues Playboy for Wrongful Termination
Get XBIZ News
XBIZ Research
Which candidate would you like elected U.S. president?
Hillary Rodham Clinton
  32.89%
Ted Cruz
  1.32%
Bernie Sanders
  32.24%
Donald Trump
  22.04%
I don't care
  11.51%
Out of 304 votes. Results based on votes submitted by members of XBIZ.net social network.
Oct 2, 2012 7:45 AM PDT    Text size: 

LOS ANGELES — Former Playboy Enterprises controller and ex-senior vice president Catherine A. Zulfer is suing the company for wrongful termination, claiming she was fired for not pushing through $1 million executive bonuses without board approval.

Zulfer claims she was laid off after refusing to take part in the embezzlement scheme hatched by CEO Scott Flanders and CFO Christoph Placher in October 2010.

Neither executive is named as a defendant in Zulfer's complaint against Playboy.

The suit maintains that Playboy violated the California Whistleblower Act and was filed in U.S. District, Central District last week. Zulfer, 56, also alleges that she was terminated because of her age and a company policy of canning employees there for more than 10 years.

Zulfer also sates that she was frozen out of meetings and was forced to take on an extraordinary workload after the company downsized while still in Chicago.

The 24-year Playboy veteran was fired on Dec. 31, 2011 after refusing a second request to dole out unwarranted bonuses in January 2011. At that time she blew the whistle on the scheme and reported what she saw as shady accounting practices to Playboy’s general counsel and the Securities and Exchange Commission (SEC).

The lawsuit does not report if the SEC responded to Zulfer’s allegations.

"She was extremely concerned that CFO Pachler and/or CEO [Scott] Flanders were attempting to effectively embezzle, steal or convert Playboy assets," Zulfer states in the 20-page complaint. "In the least, plaintiff reasonably believed that approving or paying bonuses without board approval would be dishonest to shareholders and violate Playboy governance and GAAP (generally accepted accounting principles)."

Most of the money was earmarked for Flanders and Pachler, Zulfer alleges.

According to Courthouse News Zulfer called Playboy’s action a “retaliation” against her.

Zulfer seeks punitive damages, reinstatement or front pay, and an injunction. She is represented by David deRubertis of Studio City, Calif.

Playboy was contacted by XBIZ for comment but did not respond by post time.

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 !

OPINIONS & VIEWS

Arguments for AI in Processing

Recently, my wife asked me for a photo I’d taken of a sunset on a beach. I’ve got over 20,000 photos in the cloud. You’ve probably got even more than I do. Photos aren’t easy to... More »

Audit Your Paysite for Better Dividends

When we think of paysites we usually think of content, design, traffic and how to make sales. Rarely do things like user experience or customer service rank high among a paysite owner’s as site operators... More »

AEBN Crunches Data to Shape Content

AEBN has been a leading video-on-demand innovator of adult video online since 1999, and during those 17 years has accumulated a massive amount of information regarding the viewing habits, buying preferences... More »
XBIZ NEWSLETTERS
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.






POPULAR PRODUCTS & SERVICES
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.

UPCOMING EVENTS

EXXXOTICA Columbus

Aug 26 - Aug 28
Columbus, Ohio

XBIZ Berlin 2016

Sep 11 - Sep 14
Berlin, Germany

International Lingerie Show

Sep 12 - Sep 14
Las Vegas, Nevada

The European Summit 2016

Sep 20 - Sep 23
Prague, Cz.
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!