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Post by Mike Giggs' Munchies on Aug 31, 2008 13:27:58 GMT -5
JAKKS Pacific issued the following press release today:
JAKKS Pacific Prevails in WWE State Court Lawsuit
MALIBU, Calif.--(BUSINESS WIRE)--JAKKS Pacific (NASDAQ:JAKK), announced that the Connecticut State Court has granted summary judgment today in the state court action, dismissing World Wrestling Entertainment, Inc.’s (WWE) bribery and anti-trust claims against JAKKS and its principals on the basis of collateral estoppel and statute of limitations grounds. The decision is being reviewed by the Company and may be subject of a further press release.
Source: PWMania.com
Yay?
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Post by Wrestlaholic on Aug 31, 2008 13:30:20 GMT -5
Too many big words in there for me to understand lol. Someone please let me know if it's a good or bad thing.
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Post by sos6 on Aug 31, 2008 13:30:28 GMT -5
I guess this is good. I was not really paying much attention to the whole thing.
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Post by hbk4champ on Aug 31, 2008 13:40:42 GMT -5
why did they even take jakks to court.
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Post by The Assassin on Aug 31, 2008 13:44:41 GMT -5
this is good news i think. i mean, Jakks is losing the license in 2010 either way, but this should mean they don't have to pay WWE any money. i think that's what it means. why did they even take jakks tom court. someone from Jakks supposedly bribed someone at WWE to get the video game license. i think that was it. makes sense really since WWE games suck. the first few were very good, then they got lazy. every new game they barely change anything. they just update the roster, in-game graphics and menu graphics. they never fix the problems to make the game better, and for every new good thing they put in, they take something out. they barely do anything. |
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Post by naparo01 on Aug 31, 2008 13:55:42 GMT -5
well wwe is still appelaing it. And this is more to do with the jakks/thq gaming portion and not figs. Also this has been reported on the WF main page.
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Post by ThugSuperstar on Aug 31, 2008 14:14:42 GMT -5
The WWE likely figured that it isn't worth spending money in the lawsuit since Jakks' contract expires in 2010 and they already have another toy company signed.
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MakaiClub
Main Eventer
Joined on: Mar 23, 2003 4:34:50 GMT -5
Posts: 3,477
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Post by MakaiClub on Aug 31, 2008 15:19:11 GMT -5
As Naparo said, WWE is appealing so they obviously still want to fight this battle.
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JJ420
Superstar
6 (4 UK, 2 US) refs so far!
Joined on: Jan 21, 2008 19:07:30 GMT -5
Posts: 828 
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Post by JJ420 on Sept 2, 2008 10:23:02 GMT -5
WWE should forget about daft things like this and just concentrate on trying to get Jakks to make some great figures before the two companies part ways!
God bless.
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