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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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46.

JJ    

The dude is 81 years old and he doesn't give a crap about his family?

What a "tool" to be this old and not give a rat's ass about your family.

Here's a hot flash Hugh; you're done.....take care of your family now you greedy ass.

1681 days ago
47.

liam    

Oh wow. Another frivolous shareholder 10b-5 lawsuit. Call the whaaaaaaambulance! Nothing will come of this. Believe me.

1681 days ago
48.

kromen    

His daughter is running the company, why is he being named? I thought he just worked on the editorial side. Glad I never bought that stock a couple years back.

1681 days ago
49.

Fred Farkel    



Um, HELLO??

Has it dawned on anyone that old guys eventually DO NOT CARE ABOUT MONEY???


Yes, folks... THEY DO NOT CARE ABOUT MONEY EVEN WHETHER THEY HAVE ZERO MONEY OR TONS OF MONEY.



Typical old guy waking up in the morning:

1) Ah yes. I woke up. This is gonna be a good day.
2) Ah yes. I urinated without difficulty. Bring on the b!tches!!!

1681 days ago
50.

SnakeCommander    

It's his company , he made it what is became, and that's it hefner= playboy.

1681 days ago
51.

PolarBear    

I haven't seen anything about him in the news over the last 15 years that wasn't putting him in an awkward or embarrassing light. Who really knows? At 81, he needs to step away from the business part of it. He'll still remain a major celebrity, so what does he have to lose but failure, and to gain but a liberated Playboy Enterprises? If he's just being picky about who he sells to, that's very understandable too, remember. There are no doubt morons and creeps who fantasize about owning Playboy but wouldn't bring a professional presence or strong long-term business leadership to it, just a hankering for some discrete weekend T&A. Playboy doesn't need to be bought out by some desperado corporation that's looking for a fast buy/sell of it.

1681 days ago
52.

Apryl    

the man is 80 years old and an idol to damn near every man in America...it's just common sense that he will not live forever if he's not worried about what happens to the company after her dies, who cares. It's his business and his money so what if some idiots who invested all their savings in Playboy go broke. he's old leave him alone

1681 days ago
53.

Ziggy    

The porn industry has changed and Hef is still hanging on to his 1970 gigolo mentality and image. Nobody believes he can satisfy any 20 year old woman between the sheets. What do any of these girls conversate with him about? They have absolutely nothing in common.

His Playboy media-hyped image has become a serious joke. He looks like a perverted old great-grandpa.

1681 days ago
54.

Mr Common Sense    

I am such a hypocrite! I have been destroying Tiger Woods since December but very kind to an 83 year old who still bangs 18 year olds and is still married! Tiger is only 34. Why does he have a sex addiction and an 83 year old doesn't. Oh I get it, that's just HEF being Hef! Where are all of the outraged fat women on the site now? All of us Tiger haters owe him an apology!

1681 days ago
55.

Marla    

I guess Hef has a fat insurance on his tongue and fingers cause nothing else works...

1681 days ago
56.

Anthony    

Hey old geezer

1681 days ago
57.

Anthony    

ZZ

1681 days ago
58.

shuffler    


Wait a minute. People STILL buy Playboy?

1681 days ago
59.

Jake    

About Time! About time.
An ego like hefner is tough to do business with. He was happy to have people investing money in his rag, but now he wants to stiff those "friends" who kept him afloat all these years.

1681 days ago
60.

sarah    

The bigger problem isn't the stories.It is the flat chested mostly ugly woman he chooses to show in the magazine. out went the beautiful blondes and hot girls.guys don't want to see skinny flat chested girl.guys like T&A just my option but then again the picking are slim since most woman are overweight!but hugh there are still hot woman I know I am one!

1681 days ago
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