Larry Flynt’s brother Jimmy is taking the late publisher’s widow Liz to court claiming he was wrongfully cut of his will.
According to court documents obtained by Radar, Jimmy filed a federal lawsuit against Liz this week in California court.
Larry — who co-founded Hustler with his brother — died on February 10, 2021.
The suit explains Larry had been married to Liz since 1998. She was his 5th wife and they met when she worked as his private nurse several years before the marriage.
Jimmy explains Larry established the LF Trust in 1988 — that held all of his personal assets and the Hustler enterprise including his shares and interest in various companies under the brand.
The last version cut Jimmy out as a beneficiary “in violation of Larry’s past promises to Jimmy.” He claims Larry had always promised to leave him 50% interest in the trust.
In court docs, Jimmy lays out how close he was with Larry. He recalls growing up poor in Kentucky. As adults, they got into business together and launched the Hustler nightclub in 1969.
Larry and Jimmy fought in court from 2009 to 2015. The appeal court ended up ruling the matter could not be decided until Larry’s death.
Jimmy says despite his brother removing him from the trust — he was a key part to Hustler’s success and he believes he’s owed a cut.
“The fact that Larry inequitably ousted Jimmy from the company in 2009 does not negate the years and years of promises and assurances that Larry made to Jimmy, to their parents, and to countless others, that Jimmy would be well taken care of by the LF Trust and that he had a future ownership interest of at least 50% upon Larry’s passing,” the suit reads.
This new lawsuit is demanding a 50% cut of the trust and for accounting.