Playboy Shareholder Files Class Action Lawsuit Against Playboy Over Playboy’s Alleged Plan To Take The Company Private.
A class action lawsuit has been filed against Playboy Enterprises and Hugh Hefner in Delaware Chancery Court (styled Germershausen v. Hefner) alleging that Playboy’s announced proposal to take the company private is detrimental to shareholders, according to a class action lawsuit news report.
The Playboy shareholder class action lawsuit complaint reportedly alleges that Playboy’s “Going Private Plan” is the product of a flawed process designed to sell Playboy Enterprises to Hefner and Rizvi Traverse on terms detrimental to plaintiff and the other public stockholders of Playboy.
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