Sep. 3, 2010 at 5:31 p.m.
Filed under:
Fraud,
Litigation,
Manufacturing
By Associated Press
Toymaker Mattel Inc. has filed a lawsuit alleging MGA Entertainment fraudulently transferred hundreds of millions of dollars to keep Mattel from collecting on anticipated judgments and to defraud other creditors.
The suit filed Wednesday in Los Angeles County Superior Court alleges MGA transferred $430 million in dividends and other assets to its chief executive Isaac Larian, his family members and various trusts between 2004 and 2008 to make the company appear insolvent and prevent MGA’s creditors, including Mattel, from cashing in. Get the full story »
Aug. 6, 2010 at 4:45 p.m.
Filed under:
Litigation
By Associated Press
A federal judge has set a date for Round 2 of the battle between toymaker rivals Mattel Inc. and MGA Entertainment as they duke it out over ownership of the pouty Bratz doll line.
U.S. District Judge David Carter has ordered a Jan. 11 trial date and dismissed a motion by MGA to toss out Mattel’s allegations of racketeering. Get the full story »
July 26, 2010 at 1:35 p.m.
Filed under:
Litigation,
Retail
By Associated Press
New Bratz dolls (AP)
New Bratz dolls are heading to toy stores after a federal court overturned a ruling that their maker, MGA Entertainment, had to turn over the brand to Mattel Inc.
Two new lines of the doe-eyed dolls should hit stores such as Toys R Us, Target and Walmart by the end of August. Get the full story »
