Jakks suit tossed
By Staff -- Playthings, 12/3/2007 3:03:00 PM
MALIBU, Calif.—A Federal court has dismissed a lawsuit brought by World Wrestling Entertainment against long-time licensee Jakks Pacific, its officers and other defendants, the toymaker announced today.
The judge in the action World Wrestling Entertainment Inc. v. JAKKS Pacific Inc., et al., 1:04-CV-08223-KMK in the U.S. District Court for the Southern District of New York stated that the reasoning behind the decision "will be issued in short order."
Litigation among the parties remains pending in a state court.
WWE's suit accuses Jakks of offering $100,000 in bribes for rights to WWE video games, according to Forbes.com. The professional wrestling organization had asked the federal court to void its licensing deals with Jakks, plus sought damages.
Jakks' toy and video game rights to WWE's characters expire in 2009.
