Penthouse Global Media Inc.
The firm represented the chapter 11 trustee appointed in the bankruptcy cases of Penthouse Global Media and its fourteen debtor subsidiaries. Penthouse, originally founded in 1965 by Bob Guccione, operates an adult-entertainment business that includes the publication of Penthouse Magazine as well as Penthouse Letters magazine. In addition to publication, Penthouse’s business includes broadcasting, licensing and digital media utilizing its intellectual property. Penthouse broadcasts eight television channels that are available in over 100 countries. The trustee was appointed to analyze the viability of Penthouse’s continued operations and the feasibility of a plan of reorganization or other appropriate disposition of Penthouse’s assets.