Ilan Bunimovitz, 2 Large Investors Seek Injunction Against Private

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.

The suit, filed at Clark County District Court in Las Vegas, seeks an injunction over much of Barcelona-based Private's business activities and seeks the appointment of a receiver.

A hearing over the matter begins Friday morning in Las Vegas.

Joining Bunimovitz as plaintiffs are stockholders Consipio Holding BV, which purports to hold 5.6 million shares of the company, and Tisbury Services Ltd., which owns 2.8 million shares. Bunimovitz owns 1.9 million shares.

The proposed injunction would enjoin Private from issuing any additional shares of stock, incurring any additional debt, disposing of any business assets outside of the ordinary course of business and making any loans to any officer, affiliate or director of the company.

It also would force Private from closing any bank or brokerage account and paying any bonus to any officer or director of the company.

Bunimovitz told XBIZ that he couldn't comment on the claims but said, "We tried to be very clear in our case."

Last month, Bunimovitz’s attorneys claimed there was no legitimate basis or cause for his purported termination. Berth Milton, a long-time Private executive and board chairman, replaced Bunimovitz as acting CEO on July 19.

Bunimovitz has been contesting his termination from the company because "it was taken in retaliation for his efforts to investigate self-dealing transactions by [Milton] that were possibly contrary to the [Private's] interests and violative of the federal securities laws," according to a statement obtained by XBIZ.

Private said Bunimovitz was terminated by the company under provisions allowing it to terminate the agreement for cause. But Bunimovitz said his termination was an act of retaliation in an effort to silence him.

Attorneys for Private were not immediately available for comment at post time.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Violet Myers Stars in Latest From Brazzers

2025 XMAs Premium Social Creator of the Year Violet Myers stars with Valentina Nappi and Ricky Johnson in the latest release from Brazzers, titled “V and V Share a Big D.”

Athena Heart Stars in Latest From TeamSkeet

Athena Heart stars with Jason Sarcinelli, Axel Haze, and Nick Strokes in the latest release from TeamSkeet.

2025 AltStar Awards Nominees Announced

Nominations have been announced for the 2025 AltStar Awards, aka the AltPorn Awards, presented by Bad Dragon.

AI Erotic Storytelling Platform 'AIEroticSmut' Launches

AIEroticSmut.com, a DIY erotic storytelling platform, has officially launched.

Angela White Stars in New Interactive Scene From Brazzers

Multi-XMAs winner Angela White stars with reigning and two-time XMAs Europas Male Performer of the Year Christian Clay in a new interactive release from Brazzers, titled “Taking Angela Back To Your Place.”

Marvin Love Directs 'Rich and Horny Weirdos' for Brazzers

Brazzers has released a new scene directed by Marvin Love, titled “Rich and Horny Weirdos.”

Julia James, Sage Hunter Topline 'Lesbian Sister In-Laws' Sequel

Julia James and Sage Hunter headline the latest release from Girlfriends Films, titled “Lesbian Sister In-Laws 2.”

Jade Greene Fronts Latest From TeamSkeet

Jade Greene stars with Nicky Rebel in the latest release from TeamSkeet.

Bree Mills Wraps Production on Pure Taboo Thriller 'Let Me In Too'

Adult Time has announced that production has wrapped on the Bree Mills thriller sequel "Let Me In Too."

Emma Rosie, Rebel Rhyder Topline Latest Volume of 'Hookup Hotshot: E-Girls'

Emma Rosie and Rebel Rhyder headline Brian Gozzling’s “Hookup Hotshot: E-Girls 28” from Evil Angel.

Show More