Hugh 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.
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Reader Comments
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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!
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
Why don't they just sell all their shares in Playboy stock?
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
sounds like the share holders what hef to buy time share some where eles ha ha
Who the hell needs playboy when we have the internet, which is for porn!
The gravy train stopped a long time ago baby!
