'Penthouse' Says Ex-Adviser 'Vastly Overstates' Its Role And Its Right To $3.5M

'Penthouse' Says Ex-Adviser 'Vastly Overstates' Its Role And Its Right To $3.5M

WILMINGTON, Del. - Bankrupt PMGI Holdings Inc., the parent company for the adult entertainment empire carrying the name "Penthouse," on Oct. 8 filed a brief in the U.S. Bankruptcy Court for the District of Delaware contending that its former financial adviser's claim that it is owed $3.5 million "vastly overstates" its importance in the proceedings (In Re: PMGI Holdings Inc., No. 13-12404, Chapter 11, D. Del. Bkcy.).

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