Mattel Inc. is asking the same appeals court panel that two years ago concluded the Barbie doll would thrive on competition to now reverse a $310 million jury verdict won by Bratz doll maker MGA Entertainment Inc.
MGA Entertainment Inc., the maker of Bratz dolls, won $225 million in punitive damages, attorney fees and costs from Mattel Inc., bringing the total award in the trial over the doll’s origins to $310 million.
The U.S. Securities and Exchange Commission agreed to drop an administrative action against former Goldman Sachs Group Inc. director Rajat Gupta, and he pledged to dismiss a lawsuit claiming the regulatory proceeding violated his constitutional rights.
Mattel Inc. doesn’t own the sketches or the idea for Bratz dolls made by MGA Entertainment Inc. and the rival toymaker didn’t steal the idea for the dolls from Mattel, a federal jury ruled in the copyright lawsuit.
Mattel Inc. , the maker of Barbie dolls, can’t seek damages from rival toymaker MGA Entertainment Inc. for claims MGA aided and abetted Mattel employees to breach their duty of loyalty, a federal judge ruled.