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Joe Francis

Catches $21 MILLION Break

in War with Steve Wynn

11/12/2012 10:55 AM PST BY TMZ STAFF
EXCLUSIVE

1112_joe_francis_steve_wynn1

"Girls Gone Wild" honcho Joe Francis just saved a TON of money ... without even switching to Geico ... 'cause a judge slashed the amount of damages he has to pay Steve Wynn by $21 MILLION, TMZ has learned.

Francis had previously been ordered to fork over $40 million in damages to Wynn for defaming the casino mogul ... after Francis told the media Wynn had threatened to have him killed and buried in the Vegas desert.

Now, a judge has reduced the judgment by $21 million -- ruling that Wynn wasn't really entitled to punitive damages after all.

According to the judge, punitive damages need to be based off the defendants net worth -- and Wynn failed to prove exactly how much money Francis has.

Wynn claims he couldn't come through with a number because Francis is hiding his assets ... but it didn't matter to the judge.

Francis released a statement to TMZ ... calling the ruling a "massive victory" ... and saying he plans to "aggressively appeal the remaining causes of action." Francis says, "Steve may have a winning record stealing the life savings away from working Americans in his safe haven of Las Vegas, but he will not be able to manipulate the California court system” [Read Joe's entire statement after the jump].

Wynn's rep issued a statement to TMZ saying Steve is still "delighted" with the verdict ... adding, "The court upholding the $19 million in damages confirms that Joe Francis made horrible, false accusations against Steve Wynn."


STATEMENT FROM JOE FRANCIS' CAMP:

"Today resulted in a massive victory for Joe Francis, creator of the Girls Gone Wild entertainment brand. Judge Joanne O’Donnell overturned 21-million dollars in damages stemming from the Steve Wynn vs. Joe Francis Defamation trial.

The vindication of Joe Francis was met with enthusiasm by his defense team. After Steve Wynn’s cheating tactics in court illegitimately swayed jurors, the judge realized the course of action was illegal. In order to uphold the integrity of the United States judicial system and ensure that everyone receives due process, Judge O’Donnell amended the jury’s verdict.

During the trial, Steve Wynn’s attorneys presented inadmissible evidence into the case stemming from an interview with Good Morning America. Judge O’Donnell stated in her ruling, “There was no evidence that the plaintiff (Steve Wynn) suffered any ‘shame, mortification or hurt feelings’ as a result of watching the GMA interview of even that he knew of the interview."

Joe Francis plans to aggressively appeal the remaining causes of action totaling 19-million dollars. Mr. Francis’ legal team predicts a 100% chance of success in appealing the remaining part of the case. Additionally, Mr. Francis is expected to win the case in its entirety. Mr. Francis states, “Judge Joanne O’Donnell should have never allowed my in-court statement that Steve Wynn’s threats against my life as evidence because it was made in a courtroom seeking a restraining order against Steve Wynn and therefore, a judicially privileged statement. Judge O’Donnell committed a judicial error by allowing this case to even proceed to a trial and she knows it. This is only the first step of her back peddling and unwinding her illegal actions in order to try to keep her job as a judge.”

Joe Francis finished with, “Steve may have a winning record stealing the life savings away from working American’s in his safe haven of Las Vegas, but he will not be able to manipulate the California court system.”
36 COMMENTS

No Avatar
1.

_][ Character_Assassin ][_    

California court system is a JOKE. Hasn't he learned yet?

617 days ago
2.

KnuckleDragger    

I believe Wynn. This wasn't about the money. If Wynn wanted him in the dirt...he'd be in the dirt and there wouldn't be any "e-mails" about it, before or after the fact.

617 days ago
3.

RD    

Francis is such a slimeball. How little Joey made his money is a 100 times slimier than how Wynn made his. Wynn doesn't take advantage of drunk teenage girls. Francis is just such the ultimate s***bag. I really hope someone puts him in his place.

617 days ago
4.

KnuckleDragger    

"Joe Francis finished with, “Steve may have a winning record stealing the life savings away from working American’s in his safe haven of Las Vegas..."

See, Joe, that's the kind of defamation Wynn is talking about. You just don't know when to shut the f*ck up, do you?!

617 days ago
5.

3Storms    

Joe Francis is total garbage to where he deserves to be sack-beaten on general principle.

617 days ago
6.

Karin    

Steve Wynn is right Joe Francis should be killed and buried in the Vegas desert. Francis is such a moron, useless piece of crap.

617 days ago
7.

TMZ_Admin    

Those aren't actual orange flames in the background. That's just Steve Wynn exiting his spray tan chamber.

617 days ago
8.

DaveT    

Good. $40 million was an outrageously ridiculous amount :D

617 days ago
9.

BarrysConspiracyWorld    

Steve Wynn takes dealers tips for the house. the case went to court and guess what, the court ruled to take the dealers tips away and give it to the mega corporation!

i understand he used to entertain Michael Jackson and his youthful fans at the Mirage.

617 days ago
10.

Jody    

What an idiotic lawsuit. If this didn't have Steve Wynn involved, it would have been tossed out of court.

617 days ago
11.

Jeff Smith    

Seems like a total hack job by Steve Wynn. Why does that guy need more money? I'd be scared of the guy too. I hope Steve Wynn ends up pay Joe Francis. That would be awesome

617 days ago
12.

Phreaky    

They are both morons, but those of you cheering for Wynn should really read more about his life. He's as sleazy as they come.

617 days ago
13.

Joshua    

Haha - Judge sounds like she made a mistake. I mean she overturned the money by half? Thats a HUGE mistake. Can judges get fired?

617 days ago
14.

psycho nurse    

Joe Francis needs to just go ahead and come out of the closet so he can start his "Boys Gone Wild" franchise.

617 days ago
15.

harleyharlett    

well its not like joe francis is actually going to pay him ever

617 days ago
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