Playboy is in turmoil after losing lawsuit after lawsuit.
Headlines read "Playboy Shells Out $5.25 Million to Settle Lawsuit", " Playboy loses round in trademark suit.", "Playboy Lost to Reisman! Reisman Child Porn Study Defeats Playboy's Dutch Libel Suit.", "Playboy loses infringement suit against Playmate of the Year","Playboy loses trademark tiff."
...etc, etc, etc.
Hefner is losing control of this company:,
"Hefner pushed the buyout after he faced a challenge for control of the company in 2010 when FriendFinder Networks Inc., owner of Penthouse magazine, offered $210 million for Playboy."
There is no way Playbev and Cirtran lose this one.
Playboy's counter suit is nulll and void by the judge's ruling on the previous hearing:, "Playboy wrongfully severed a licensing agreement with the company that makes and sells the Playboy Energy Drink and tried to cut it out of the distribution network, Play Beverages and its distributor claim in court.
Regadless Cirtran is in the clear:,
"(b) PlayBev represents and warrants that the Playboy License Agreement
is in full force and effect as of the date hereof and that such License
Agreement has not been amended from the form provided to CBC.",....
(a) Subject to the terms and conditions of this Agreement and the
License Agreement, PlayBev hereby grants to CBC during the term of this
Agreement an exclusive license solely for the purpose of fulfilling CBC's duties
hereunder (i) to use the intellectual property licensed from Playboy to
manufacture, sell and distribute the Products in the Territory (the "Purpose");
(ii) to use the trademarks licensed from Playboy for the Purpose; and (iii) to
use the recipes, formulas, manufacturing specifications and know-how related to
the Product for the Purpose. The intellectual property described in clauses (i),
(ii) and (iii) of the preceding sentence is referred to as the "Product
(b) PlayBev represents, warrants and covenants that it has all
necessary power and authority to grant to CBC the rights to the Product
Intellectual Property in this Agreement, and neither the granting of the rights
nor the exercise of them by CBC will infringe or violate the intellectual
property or other proprietary or intangible rights of any other person or
entity. PlayBev has not been and is not, as of the date of this Agreement, a
party to any litigation enforcing or defending PlayBev's rights in, to or with
respect to the Products or the Product Intellectual Property, and PlayBev is not
aware of any such claims made or threatened involving the validity of PlayBev's
rights in, to or with respect to the Products or Product Intellectual Property.
By The way can anybody provide a link to the court documents of the Playboy counter claim?
Of course this is just my opinon!