Penthouse sued for breech of contract

gonzo · 08-11-2008

Bob Guccione Suing Penthouse and Marc Bell for Breach of Contract

--on the web

WWW - Penthouse Media Group Inc. must face former chairman Robert Guccione's lawsuit challenging his dismissal, a judge has ruled.

Guccione sued Penthouse Media Group and its principals, Marc Bell and Daniel Staton, claiming breach of contract for not keeping him on as a $500,000-a-year consultant after they brought the company out of bankruptcy in 2004, when it was known as General Media International Inc.

Bell and Staton offered to give Guccione the post for 10 years in exchange for his conveying ownership of Penthouse trademarks and not filing a claim for severance, according to the complaint Guccione filed in 2005. Shortly after GMI emerged from bankruptcy, Guccione was fired for not giving up his rights to U.K. trademarks.

08-11-2008	#1
gonzo Fat Fucking Nobody Want to see your own Advertising Here! Join Date: Apr 2003 Location: Atlanta,Ga. Posts: 17,795 Blog Entries: 11	Penthouse sued for breech of contract Bob Guccione Suing Penthouse and Marc Bell for Breach of Contract --on the web WWW - Penthouse Media Group Inc. must face former chairman Robert Guccione's lawsuit challenging his dismissal, a judge has ruled. Guccione sued Penthouse Media Group and its principals, Marc Bell and Daniel Staton, claiming breach of contract for not keeping him on as a $500,000-a-year consultant after they brought the company out of bankruptcy in 2004, when it was known as General Media International Inc. Bell and Staton offered to give Guccione the post for 10 years in exchange for his conveying ownership of Penthouse trademarks and not filing a claim for severance, according to the complaint Guccione filed in 2005. Shortly after GMI emerged from bankruptcy, Guccione was fired for not giving up his rights to U.K. trademarks. __________________ 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