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Under the settlement, all claims between WWE, toy maker Jakks Pacific Inc. and video game company THQ Inc. were withdrawn without any party admitting wrongdoing, according to a joint statement issued Tuesday.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

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.