Trial Over 'Yu-Gi-Oh!' Royalties Kicks Off

Law360, New York (August 29, 2011, 6:37 PM ET) -- The owners of the rights to the popular “Yu-Gi-Oh!” Japanese manga told a New York bankruptcy judge Monday that children's entertainment company 4Kids Entertainment Inc. had underpaid them royalties by over $4 million.

"This case at its core is about a betrayal of trust," said Kyle C. Bisceglie of Olshan Grundman Frome Rosenzweig & Wolosky LLP, an attorney for TV Tokyo Corp. and Nihon Ad Systems Inc., during opening arguments in the trial over royalty payments.

The bench trial before U.S. Bankruptcy Judge Shelley C. Chapman...
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