Private Media Group's Board OKd by Nevada Judge

LAS VEGAS — Could the Private Media Group shareholder suit be coming to a conclusion?

Clark County Judge Elizabeth Gonzalez entered an order March 21 that signals just that.

In the order, Gonzalez  confirmed the results of the Jan. 11 shareholder meeting, approved the board of directors at the meeting (voting in Eric Johnson, Anna Maksimova, Charles Prast, Ilan Bunimovitz, Michael Martinez and now-departed James McCormick), dissolved the preliminary injunction from November 2010 and  terminated the receivership, which was held by Johnson.

Private has been embroiled in a long-running suit that pits shareholders — led by Consipio Holding BV, Tisbury Services Inc., shareholder Claudio Gianascio and shareholder and former CEO Bunimovitz — against front-office management, including Berth Milton, who was suspended indefinitely and now apparently ousted as CEO.

The plaintiffs claimed the company had been rocked by embezzlement, among other charges, from moves by Milton and former directors.

The company's stock, now on the Pink Sheets, has dipped substantially in the past year. A year ago, the stock traded at about $1.60 a share.

Today, Private trades at 12 cents a share.

The parties will next meet at Clark County District Court for a status hearing on April 12.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

GirlsDoPorn Owner Michael Pratt Pleads Guilty to Sex Trafficking

Michael Pratt, former owner of the rogue website GirlsDoPorn, pleaded guilty in the U.S. District Court for the Southern District of California on Thursday to sex trafficking and conspiracy to commit sex trafficking charges, according to a report by City News Service.

Penthouse Names Kira Shine June's 'Pet of the Month'

Penthouse Magazine has named model Kira Shine as Pet of the Month for June.

Gigi Dior Stars in Latest From Brazzers

Gigi Dior stars with Richard Glaze and Victor Ray and is featured on the box cover of the latest release from Brazzers, titled “MILFS in Action Vol. 2.”

Master Nico Relaunches Site Through YourPaysitePartner

Master Nico has relaunched his official website through YourPaysitePartner (YPP).

Jade Greene Makes Her Reality Kings Debut

Jade Greene has made her Reality Kings debut alongside multi-XMAs winner Mick Blue in "Ski Boat Skeet."

Federal Judge Grants Partial Halt of Florida AV Law

The United States District Court for the Northern District of Florida, Tallahassee Division, has granted a preliminary injunction against HB 3, the state's age verification law, as a lawsuit filed by two online trade associations challenging the law makes its way through the courts.

Aylo Releases Statement on Suspending Access to Pornhub in France

Technology and media company Aylo, which operates adult sites including Pornhub, YouPorn, and Redtube, has released a public statement regarding its decision to block access to its sites in France.

Vicki Chase Stars in Dorcel's 'M.I.L.F.S. Vol. 2'

Vicki Chase headlines the latest feature from Dorcel, titled “M.I.L.F.S. Vol. 2.”

Anastasia Doll Headlines 'All Girl Sex Addict' From Harmony

Anastasia Doll stars in the latest title from Harmony Films, “All Girl Sex Addict.”

Blake Blossom, Madison Wilde Topline 'The Art of Kissing 4' From Sweetheart Video

Blake Blossom and Madison Wilde headline the fourth volume of “The Art of Kissing” from Mile High Media studio imprint Sweetheart Video.

Show More