4Kids Files For Ch. 11 To Dodge 'Yu-Gi-Oh!' Suit

Law360, New York (April 6, 2011, 6:45 PM EDT) -- Children’s television and merchandise licensing company 4Kids Entertainment Inc. announced Wednesday it had filed a petition to enter Chapter 11 bankruptcy in the wake of a contract lawsuit filed by owners of the rights to the cartoon series "Yu-Gi-Oh!"

The filing in the U.S. Bankruptcy Court for the Southern District of New York covers all of the company’s U.S. subsidiaries but does not pertain to London-based 4Kids Entertainment International Ltd., the company said.

4Kids, which has brought many popular Japanese animated shows to English-speaking audiences, said...
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