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$195M Strawberry Shortcake Fight Back In Court

Law360 (June 3, 2009, 12:00 AM EDT) -- American Greetings Co. has reignited a multimillion-dollar tug-of-war over U.S. cartoon sweetheart Strawberry Shortcake, saying a Canadian entertainment company failed to deliver on a $195 million commitment to buy the character.

Canadian company Cookie Jar Entertainment Inc., which acquired a Strawberry Shortcake rights holder in 2008, has reneged on its agreement to purchase the cartoon fixture, according to an amended complaint filed Tuesday in the U.S. District Court for the Northern District of Ohio.

American Greetings filed the amended complaint as part of a battle to...
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