Adult friend finder v
Its corporate headquarters are located in Boca Raton, Florida, with additional offices in California, New York, and Taiwan.
The company primarily deals in adult entertainment, online dating, and social networking services.
The FAA reflects a strong policy in favor of arbitration.
It has cautioned that, unless it can repay or restructure its obligation, it will face “a material deficiency in our short term liquidity.” With these shortfalls in mind, the company again announced an intention to make an initial public offering of stock, representing a 49% stake in the company, with plans to use the proceeds to pay down its debt and become listed on the New York Stock Exchange.
The contemplated public offering, scheduled to reach the market on January 27, 2010 was delayed by FFN.
When reached, Friend Finder Networks confirmed the site vulnerability, but would not outright confirm the breach."Over the past several weeks, Friend Finder has received a number of reports regarding potential security vulnerabilities from a variety of sources.
Immediately upon learning this information, we took several steps to review the situation and bring in the right external partners to support our investigation," said Diana Ballou, vice president and senior counsel, in an email on Friday."While a number of these claims proved to be false extortion attempts, we did identify and fix a vulnerability that was related to the ability to access source code through an injection vulnerability," she said."Friend Finder takes the security of its customer information seriously and will provide further updates as our investigation continues," she added.