Playboy Shareholder Suing Hef
Los Angeles’s most famous editor-in-chief is getting sued by an unhappy shareholder. Playboy Enterprises is hemorrhaging money, stock prices are down, and the future of the company is uncertain. But to the dismay of many shareholders, two possible sales of Playboy Inc. fell through in the past six months. The class action lawsuit contends that majority shareholder Hugh Hefner sabotaged the deals because he didn’t want to give up his lavish lifestyle. TMZ has obtained a copy of the complaint:
In the lawsuit, an investment company that analyzed Playboy’s business sent a note stating “we think the wildcard here is Hugh Hefner.”
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