VALLEYWAG -- Feb 26 -- A
porn star draping boobs over an employee's head. Lapdances on the
company dime. $50m in back taxes. These are just some of the
charges Penthouse publisher FriendFinder Networks is facing from an
ex-employee Natalie Cedeno. FriendFinder filed to go public last year.
It desperately
needs the $460m it hopes to raise in an IPO in order to pay down
$420m in debt. If the company has legal problems and labor
issues beyond what it disclosed in its SEC filings, its executives
could face heavy penalties, and the IPO would likely be scotched.
According to Cedeno, Various operated Adult FriendFinder for seven
years without drawing a single
sexual-harassment lawsuit from employees. FULL ARTICLE @ VALEYWAG
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