Larry Flynt’s Brother Sues to Dissolve Partnership

Dec 21, 2009 2:45 PM PST
CINCINNATI — Jimmy Flynt Sr. filed a 61-page suit against LFP founder Larry Flynt, accusing his brother of wrongfully firing him and improperly taking millions in company profits from him.

Jimmy Flynt Sr. said in the suit filed at Hamilton County Common Pleas Court that he also wants the partnership he had with his brother, which has lasted for more than 40 years, ended.

In the suit, Jimmy Flynt Sr. argues “Hustler most likely would have ceased to exist in the late 1970s or early 1980s during a period of time when Larry was physically and/or mentally incapacitated” and that he’s helped the company diversify in the past two decades by working to develop its retail business.

Larry Flynt testified earlier this month in a separate suit against Flynt Media Corp. that he and his brother are not partners, although his brother operates two Hustler stores in Ohio, one in Cincinnati and another in Monroe, Ohio.

The latest suit said that without “Jimmy's ideas, labor, talents, energies, contributions, loyalty and trust, Jimmy and Larry's partnership and business enterprise never would have achieved the success or growth that it has and very likely would not exist today.”

Jimmy Flynt Sr. earlier this year was fired from his $250,000 a year position at LFP after his sons started their own adult production company, Flynt Media Corp.

Just 10 days ago, a federal jury sided with LFP and Larry Flynt, deciding the Flynt Media name was too similar to Larry Flynt’s empire and that it violated his trademark and hurt and devalued his business.

In the past year, the latest suit alleges, Larry Flynt has fired his brother, cut off his medical and retirement benefits and done all he can to take as much money from the Hustler-related business in Jimmy Flynt Sr.'s name.

Jimmy Flynt Sr.’s suit seeks to have a receiver review the assets of all of the Hustler companies to determine their value. It also seeks to have the brothers' partnership dissolved and for Jimmy Flynt Sr. to get at least half of those assets.

XBIZ calls to Larry Flynt's office to comment on the matter went unreturned by post time.

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