Private’s Fired CEO Fights Back

Ilan Bunimovitz, 2 Large Investors Seek Injunction Against Private By Rhett Pardon, from  XBIZ.com Thu, Aug 12 2010 03:15pm PDT LAS VEGAS — Former Private Media Group CEO Ilan Bunimovitz and two large investors have filed suit against the adult entertainment giant, claiming it is mismanaged by its present chairman and board of directors. Bunimovitz…

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Private Terminates Their CEO

Mr. Bunimovitz was employed as CEO pursuant to a written employment agreement, which agreement was terminated by the Company under provisions allowing it to terminate the agreement for "cause" (as defined in such agreement).  Mr. Bunimovitz is expected to continue as a director of the Company for the remainder of his term, which expires at…

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