August 21, 2008 |
The maker of pouty-lipped Bratz dolls owes toy giant Mattel Inc. nearly $2 billion for stealing its conceptual drawings for the urban-themed toys, a Mattel attorney said Wednesday during closing arguments in the damages phase of a copyright infringement lawsuit. The jury ruled last month in the first phase of the federal trial that the designer of MGA Entertainment Inc.'s Bratz dolls, Carter Bryant, came up with the concept while working for Mattel. The jury also found that Los Angeles-based MGA aided in the breach of contract, and its chief executive, Isaac Larian, played a role in the deal.
August 27, 2008 |
Mattel won the big battles in the Barbie vs. Bratz trial, but it may have lost the financial war. A jury in federal court Tuesday awarded Mattel Inc. as much as $100 million in a copyright infringement case against MGA Entertainment Inc., which brought out the hugely popular Bratz dolls in 2001. But that's about 5.5% of the $1.8 billion that Mattel asked of the jury. "MGA wins on this one, big time," said Margaret Whitfield, an analyst with Sterne Agee & Leach. "That amount maybe just covers Mattel's legal expenses, with a little left over."
April 16, 2011 |
Robust sales of dolls helped Mattel Inc. report an 8% sales increase for the first quarter, but higher costs at the world's No. 1 toy maker — including increased legal fees for the prolonged Bratz trial — led to a significant drop in profit. For the three months that ended March 31, sales totaled $951.9 million, compared with $880.1 million for the same quarter a year earlier, the company said Friday. Profit fell 33% to $16.6 million, or 5 cents a share, from $24.8 million, or 7 cents.
February 1, 2012 |
Toy maker Mattel Inc. reported positive fourth-quarter and full-year results Tuesday after healthy holiday sales of core brands and doll lines, including Hot Wheels, American Girl and Barbie. For the three months that ended Dec. 31, the El Segundo company reported a profit of $370.6 million, or $1.07 a share, a 14% jump from $325.2 million, or 89 cents a share, in the same quarter of 2010. Fourth-quarter sales totaled $2.15 billion, a 1% increase from the year-earlier period.
February 3, 2011 |
Mattel Inc., the world's largest toy maker, reported strong fourth-quarter and full-year results Wednesday thanks to healthy sales of core brands and doll lines including Barbie, American Girl and Monster High. For the three months ended Dec. 31, the El Segundo company reported profit of $325.2 million, or 89 cents a share, compared with $328.4 million, or 89 cents, in the same quarter a year earlier. Fourth-quarter sales totaled $2.12 billion, a 9% increase from the year-earlier quarter; sales in the U.S. were up 11%. The fourth quarter is the most important time of the year for toy makers, with many seeing nearly 40% of their sales come during the holiday rush.
May 20, 2008 |
Mattel Inc. settled a breach-of-contract lawsuit with the designer of the Barbie doll's hip urban rival, Bratz. Settlement terms weren't disclosed. Mattel lawyer John Quinn and Christa Anderson, the lawyer for Bratz designer Carter Bryant, confirmed the agreement at a federal court hearing in Riverside. Mattel claimed that it had rights to the doll because Bryant conceived of the idea and worked on the design while employed by the El Segundo-based company. MGA Entertainment Inc., which makes Bratz and is also a defendant in the case, hasn't settled with Mattel.
August 31, 2004 |
A former Barbie doll designer who was sued by toy maker Mattel Inc. for allegedly working for a competitor while still employed by Mattel has fired back with his own lawsuit. According to the latest suit, Carter Bryant worked in the 1990s designing fashions and hairstyles for Barbie and related dolls. He left the company for a period of several months in 1998 and conceived what eventually became a competing doll line called Bratz.
August 28, 2008 |
The federal jury award in the legal battle between Mattel Inc. and MGA Entertainment Inc. left a key issue unresolved: Can MGA continue to market the popular Bratz doll line? Mattel attorneys said they intended to file an injunction to stop MGA from making more Bratz dolls in the wake of Tuesday's verdict, which held MGA, Chief Executive Isaac Larian and subsidiary MGA Hong Kong liable for copyright infringement and awarded $10 million in damages. The panel also awarded Mattel about $90 million for three causes of action related to breach of contract.
November 11, 2008 |
The Barbie vs. Bratz case was back in federal court Monday, and it was clear Barbie-maker Mattel wanted all the dolls in the toy box. Based on a trial victory in July, Mattel Inc. asked the court not only to stop MGA Entertainment Inc. from making the sassy Bratz, but also to require the Van Nuys company to turn over all its dolls, including those already in stores. Mattel, which won the rights to early drawings of the rival doll after weeks of contentious testimony, even wants the Bratz name.
May 12, 1989 |
Fuzzy Zoeller birdied the final hole Thursday for an opening-round 69 that gave him a one-stroke lead in the Memorial golf tournament at Dublin, Ohio. Zoeller, who has just one top-10 finish in 10 tournaments this year, almost holed an eight-iron from 144 yards out on the par-four closing hole. He then made a four-inch putt to move ahead of Payne Stewart and Fred Couples. Another shot back at 71 were David Edwards, Bob Tway, Morris Hatalsky, Kenny Knox, Mark Wiebe, Jim Carter, Brad Bryant, Corey Pavin and Keith Clearwater.