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Hugh Hefner Accused of Screwing Playboy

2/8/2010 9:50 PM PST BY TMZ STAFF

Hugh HefnerHugh Hefner has been sued for living the good life and refusing to give it up for the sake of his company.

We've obtained a class action lawsuit filed by a Playboy shareholder who claims the company is falling apart and Hugh has intentionally sabotaged two potential deals in the last 6 months to sell the company at a decent price.

In the lawsuit, an investment company that analyzed Playboy's business sent a note stating "we think the wildcard here is Hugh Hefner." The note continues, "If you were Hugh Hefner, 81, would you give up the parade of busty blonds, the fancy mansion and the reality TV show for a payout?"

The suit goes on ... "Hefner has continued to live the good life and make sure everyone knows it. Hefner remains in the limelight, showing up at media events and at the Playboy mansion ... with his girlfriends by his side."

The suit laments, "Today, the price of a Playboy magazine is far higher than the price of Playboy common stock." In 1999, the stock sold for $36 a share. Today Playboy closed at $3.14. The magazine sells for $5.99 ... because of the articles.

The plaintiffs say Hefner runs roughshod over the shareholders and they want unspecified damages.

93 COMMENTS

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1.

AMIR SHAMSI    

GOOD LOVEI.

1517 days ago
2.

char    

Uh - this man built this company from NADA!!!!!!!!!!!!!!

These bastards should be grateful. And let him live out his life to the fullest til the end. Playboy will survive, thriving more via internet if it is done right - if that's not happening then the people not doing their job right should be fired. If the shareholders can't figure that out than they are just a**holes who think they should sit on their butts and let the money flow to their pockets. Work hard for it, like Heffner has done most his life! Weren't for him you greedy types wouldn't have had a Playboy to invest in!

1516 days ago
3.

whatev    

hee hee

1535 days ago
4.

JoJO    

1st ha!

1535 days ago
5.

o rly    

No one is screwing SIMONE.

1535 days ago
6.

JoJO    

damn, guess i was 3rd! LOL!

1535 days ago
7.

T    

k either the reporter of TMZ sucks at writing or i am having a bad day...uhm what happened between playboay and heffner?i didnt understand what happened exactly

1535 days ago
8.

Sue    

All good things must come to an end, Hef. and that includes YOU

1535 days ago
9.

Politico Pablo    

Why don't they just sell all their shares in Playboy stock?

1535 days ago
10.

Scott    

This is a joke they can't force him to sell his company get over it you guys are just jealous he bangs 18 year olds

1535 days ago
11.

rexcars    

Now that you have the internet, who needs Playboy?

1535 days ago
12.

juniper    

sounds like the share holders what hef to buy time share some where eles ha ha

1535 days ago
13.

ABB    

Who the hell needs playboy when we have the internet, which is for porn!

The gravy train stopped a long time ago baby!

1535 days ago
14.

corinne    

He made the money. Let him spend it.

1535 days ago
15.

ly9512    

Hugh is 83.. not 81.

1535 days ago
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