Mealey's IP/Tech - Guccione Collection Reaches Deal With 'Penthouse' Entity Dismissing Claims

Mealey's IP/Tech - Guccione Collection Reaches Deal With 'Penthouse' Entity Dismissing Claims

WILMINGTON, Del. - The Guccione Collection (TGC) LLC and Friend Finder Networks (FFN) Inc. on April 8 agreed to dismiss the adversary proceeding filed by TGC in the Chapter 11 bankruptcy of PMGI Holdings Inc., the parent company for adult entertainment empire carrying the name "Penthouse," in which TGC had sought declaratory relief and unspecified damages related to intellectual property. The one-paragraph stipulation filed in the U.S. Bankruptcy Court for the District of Delaware provided no information on the agreement the parties reached (The Guccione Collection LLC v. Friend Finder Networks Inc. [In Re: PMGI Holdings Inc.], No. 13-12404, Chapter 11, D. Del. Bkcy.).

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