"Girls Gone Wild" honcho Joe Francis just saved a TON of money ... without even switching to Geico ... 'cause a judge slashed the amount of damages he has to pay Steve Wynn by $21 MILLION, TMZ has learned.
Francis had previously been ordered to fork over $40 million in damages to Wynn for defaming the casino mogul ... after Francis told the media Wynn had threatened to have him killed and buried in the Vegas desert.
Now, a judge has reduced the judgment by $21 million -- ruling that Wynn wasn't really entitled to punitive damages after all.
According to the judge, punitive damages need to be based off the defendants net worth -- and Wynn failed to prove exactly how much money Francis has.
Wynn claims he couldn't come through with a number because Francis is hiding his assets ... but it didn't matter to the judge.
Francis says, "Steve may have a winning record stealing the life savings away from working Americans in his safe haven of Las Vegas, but he will not be able to manipulate the California court system”
Read Joe's statement: http://www.tmz.com/2012/11/12/joe-francis-steve-wynn-defamation-court-21-millon-victory/
Read more: http://www.tmz.com/2012/11/12/joe-francis-steve-wynn-defamation-court-21-millon-victory/
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.