Mealey's Bankruptcy - Bankrupt 'Penthouse' Says Creditor Cannot Compel It To Provide Financial Reserve

Mealey's Bankruptcy - Bankrupt 'Penthouse' Says Creditor Cannot Compel It To Provide Financial Reserve

WILMINGTON, Del. - The adult entertainment company that produces material carrying the name "Penthouse" on June 2 filed a brief in the U.S. Bankruptcy Court for the District of Delaware objecting to a motion by its former financial advisor that seeks to compel the debtor to provide a financial reserve to cover the advisor's claims valued at $3,430,900 (In Re: PMGI Holdings Inc., No. 13-12404, Chapter 11, D. Del. Bkcy.).

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