Portrait Co. Asks To Toss Post-Sale Trademark Suit

Law360, New York (April 22, 2009, 12:00 AM EDT) -- Portrait studio company CPI Corp. has asked a bankruptcy judge to throw out a trademark suit brought against its chain of Wal-Mart photography studios, claiming that it purchased the studios liability-free as part of an $82.5 million liquidation deal from then-bankrupt Portrait Corp. of America.

CPI filed a motion in the U.S. Bankruptcy Court for the Southern District of New York on April 21, asking the judge who oversaw the sale of virtually all of Portrait Corp.’s assets to CPI to enforce the sale order and...
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