Penthouse Sued Over AFF Acquisition

Toby · 03-10-2008

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. full story...

Rcourt64 · 03-10-2008

Quote:

"...breach of the covenant of good faith and fair dealing, breach of fiduciary duty and constructive fraud"

Does anyone truly believe thats actually gonna fly?

Quote:

It its complaint, Broadstream asserted that during the bidding process, Broadstream “learned that Penthouse directly contacted Various to put in a separate bid,” and “ultimately submitted a bid that was higher than the offer from Broadstream and converted this business opportunity from an opportunity for the joint venture to an opportunity for Penthouse alone.”

Prove it.

RawAlex · 03-10-2008

Not hard to prove, actually. If there is a non-disclosure agreement, then there is no way that Penthouse should have had any contact with Various at any time, and certainly not while using confidental information regarding the initial bid.

I am thinking that this is going to make the Penthouse IPO just a little more difficult, considering their prime web property (and likely rare source of profit at this point) is in dispute.

gonzo · 03-10-2008

Hahahahaha this just keeps getting better!

Mark Bell is just as dirty as AFF!

EmporerEJ · 03-11-2008

Quote:

Originally Posted by RawAlex

I am thinking that this is going to make the Penthouse IPO just a little more difficult, considering their prime web property (and likely rare source of profit at this point) is in dispute.

Yes, and isn't the timing of this suite a little suspicious?

"Pay us or else we make mud." That's what it sounds like to me.

This is precisely why I'm suspicious of making ANY deals with most adult companies. Seems everyone is always trying to screw each other. (Pun, while funny, not intended)

Toby · 03-11-2008

Quote:

Originally Posted by EmporerEJ

...Seems everyone is always trying to screw each other.

Yup, keep the lube handy and don't drop the soap.

RawAlex · 03-11-2008

Quote:

Originally Posted by Toby

Yup, keep the lube handy and don't drop the soap.

In the adult world, the soap dispensers give out lube and the soap is stored on the floor. It just simplifies the process.

Sexyteaser · 03-11-2008

Well I am not suprised one bit. I thought that Penthouse would end up suing AFF but this may be the beginning of something bigger.

Rcourt64 · 03-11-2008

Quote:

Originally Posted by Shelleehale

Well I am not suprised one bit. I thought that Penthouse would end up suing AFF but this may be the beginning of something bigger.

So where do you keep the soap at?

03-10-2008	#1
Toby Fat Fucking Nobody Respin bullshit press Your Comments Are Welcomed Join Date: Jul 2005 Location: Houston Posts: 2,624	Penthouse Sued Over AFF Acquisition 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. full story... __________________ My TGP's: Bevy Of Babes \| Bevy Of Boobs \| Babes In Boots \| Well Heeled Women \| Dressing For Sex \| Latex Vixens \| Stocking Vixens

03-10-2008	#3
RawAlex Members $100 for every ImLive sign-up Join Date: Oct 2002 Posts: 4,036	Re: Penthouse Sued Over AFF Acquisition Not hard to prove, actually. If there is a non-disclosure agreement, then there is no way that Penthouse should have had any contact with Various at any time, and certainly not while using confidental information regarding the initial bid. I am thinking that this is going to make the Penthouse IPO just a little more difficult, considering their prime web property (and likely rare source of profit at this point) is in dispute. __________________ Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds

03-10-2008	#4
gonzo Fat Fucking Nobody Want to see your own Advertising Here! Join Date: Apr 2003 Location: Atlanta,Ga. Posts: 17,795 Blog Entries: 11	Re: Penthouse Sued Over AFF Acquisition Hahahahaha this just keeps getting better! Mark Bell is just as dirty as AFF! __________________ We are putting the bastards of this world on notice; greed and corruption will always be met with "a voice made of ink and rage." "Never try and be like anyone else" - Hunter S. Thompson "The truth is the truth no matter how you try and package a lie" - Shellee Hale

03-11-2008	#8
Sexyteaser Working on a "clone" of Pornotube Join Date: Jun 2007 Posts: 350	Re: Penthouse Sued Over AFF Acquisition Well I am not suprised one bit. I thought that Penthouse would end up suing AFF but this may be the beginning of something bigger.