TSA Stores, ACE American Fight Prince Sport's Licensing Deal

Law360, New York (May 22, 2012, 12:57 PM EDT) -- TSA Stores Inc. and ACE American Insurance Co. on Monday objected to bankrupt tennis racquet maker Prince Sports Inc.'s plan to license its brands to Battle Sports Science LLC for $15 million, alleging the deal doesn't protect their interests.

ACE wants assurances that it will continue to be paid for policies it issued to Prince if Battle Sports Science takes over, while TSA is concerned about debts it says it is owed stemming from its vendor agreement with Prince, according to court documents.

ACE said its...
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