WWE Settles Dispute Over Video Game Licenses

Law360, New York (December 23, 2009, 4:53 PM EST) -- World Wrestling Entertainment Inc., which had brought antitrust and Racketeer Influenced and Corrupt Organizations Act claims against a toy maker and a video game company, has entered into a three-party settlement that involves $33.2 million switching hands and a new eight-year license agreement.

Under the settlement, all claims between WWE, toy maker Jakks Pacific Inc. and video game company THQ Inc. were withdrawn without any party admitting wrongdoing, according to a joint statement issued Tuesday.

As part of the settlement, Agoura Hills, Calif.-based THQ will pay...
To view the full article, register now.