4Kids, 'Pokemon' Co. Get OK For $1M Contract Row Settlement

Law360, New York (December 5, 2012, 1:48 PM EST) -- A New York bankruptcy judge approved a settlement Wednesday between 4Kids Entertainment Inc. and The Pokemon Co. International over a licensing and syndication agreement, under which TPCi will get a $1 million general unsecured claim against the debtor.

U.S. Bankruptcy Judge Shelley C. Chapman approved the settlement, ending the parties' dispute over the so-called Pokemon agreement, under which TCPi granted 4Kids the exclusive right throughout the world outside of Asia to syndicate or license broadcast rights to “Pokemon” TV show episodes and act as merchandise licensing...
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