Friday, August 26, 2011

Mattel Ordered to Pay MGA Entertainment $310 Million

LINK - This is nearly a month old, but WHEW, well that sure is one hell of a turnaround of fortunes for MGA. From what I understand, Mattel is appealing this however. One thing I find very interesting with this case is how these two companies keep dragging this out for what literally seems like an eternity. I don't really understand how the legal process works, but it's like Mattel sues MGA. MGA loses the court battle. MGA then appeals, and manages to get things over-turned (there's more to it, I am just going by a rough memory here). A second trial occurs. MGA wins. Mattel asked for a third trial (I don't think that is happening though). But now they are appealing this decision.

When does the final straw occur where the one side wins for good, and the other side has lost? 

On August 17th, the judge ordered Mattel to post a $315 million bond if they want to appeal the decision: LINK


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