MoonScoop Appeals Over Soured Care Bears IP Deal

Law360, New York (May 24, 2010, 7:47 PM EDT) -- MoonScoop SAS has challenged a federal judge’s finding that American Greetings Corp. is not liable for backing out of the $95 million sale of its Care Bear and Strawberry Shortcake characters.

The French entertainment production and brand management company turned to the U.S. Court of Appeals for the Sixth Circuit on Friday, seeking to reverse the lower court’s April decision backing American Greetings’ claim that MoonScoop doomed the deal by failing to tender the $95 million before deadline.

The plaintiff argued in vain that it was...
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