(Reuters) – possibly gender does not offer that perfectly of course.
FriendFinder Networks Inc FFNT.PK , writer of Penthouse magazine and numerous adult-entertainment web pages, registered for Chapter 11 bankruptcy proceeding on Tuesday.
The pany, which sought for to bine social media and intercourse, believed it have struck a deal with noteholders which eliminate the credit by $300 million if authorized by the U.S. bankruptcy proceeding courtroom in Delaware.
Within the program, one group of noteholders will take possession of the sexual intercourse pleasure organization, which traces their beginnings to the late Penthouse manager Bob Guccione. As well as very common in bankruptcy proceeding, investors is going to be left with nothing.