November 8, 2008 |
MGA Entertainment Inc. Chief Executive Isaac Larian said the maker of Bratz dolls cut 70 jobs because of "high legal fees" incurred in its lawsuit with Mattel Inc. The Van Nuys toy maker has 1,600 employees. Closely held MGA and El Segundo-based Mattel, the maker of Barbie, are in a dispute over the creation of the Bratz dolls.
February 11, 2006 |
MGA Entertainment, the maker of Bratz fashion dolls, may sell shares to the public as early as this year, Chief Executive Isaac Larian said Friday. The Van Nuys company is in talks with investment banks including JPMorgan Chase & Co. and Morgan Stanley, Larian said. MGA is challenging Mattel Inc.'s Barbie with the popularity of the Bratz line of dolls. An initial public offering would help the toy maker expand the Bratz line, which was introduced in 2001.
April 29, 2004 |
Mattel Inc. said it filed suit against a former employee, accusing him of working for a rival and violating his employment contract with Mattel. The suit charges that Carter Bryant secretly worked for a competitor while still employed by the El Segundo-based toy maker and that he misappropriated intellectual property, Mattel said. Mattel declined to comment on which competitor Bryant worked for.
July 24, 2008 |
The maker of Bratz dolls has asked a judge to block testimony from an expert witness expected to claim that Mattel Inc. is owed about $1.6 billion in lost profit and other damages from the popular dolls, according to court documents obtained Wednesday. MGA Entertainment Inc. filed the motion after a federal jury ruled last week that the designer of MGA's Bratz characters conceived the idea for the dolls while working for Mattel.
December 31, 2008 |
The Bratz doll maker had another bad day in federal court Tuesday, but fans of the sassy dolls were given hope that the girls will live to see another Christmas. Bratz manufacturer MGA Entertainment Inc. lost a bid to remain in the Bratz business past Feb. 11, the date of a hearing set earlier in U.S. District Court in Riverside.
December 22, 2012 |
When a toy designer's young daughter becomes fascinated by the gel-like beads in a flower vase, there is only one conclusion to draw: "There has got to be a toy in here somewhere," says Ron Brawer, a partner in the Maya Group and a toy industry veteran. The fast-growing Torrance company has gone on to develop dozens of playthings based on those transparent polymer pellets. One of those toys, a modified water gun called the Xploderz XBlaster 200, was a finalist for the 2012 Outdoor Toy of the Year Award from the Toy Industry Assn.
January 8, 2009 |
MGA Entertainment Inc.'s Bratz dolls, which were found to infringe Mattel Inc.'s copyrights, can be sold this year, a federal judge ruled, modifying a decision that could have resulted in an earlier ban. U.S. District Judge Stephen Larson in Riverside ruled Wednesday that retailers would be allowed to buy the spring and fall lines of the pouty, multiethnic dolls from MGA until Dec. 31, or from either Mattel or a court-appointed receiver if he awards them rights to the infringing Bratz products.
December 10, 2009
MGA Entertainment Inc. has won a stay of the court-ordered recall of its Bratz dolls that were found to infringe the copyrights of rival toy maker Mattel Inc. "The equitable relief granted by the District Court is stayed pending further order of this court," a three-judge panel of the U.S. Court of Appeals said in an order Thursday following oral arguments in Pasadena on MGA's appeal of the trial verdict. "The parties are ordered to attempt to settle the dispute through expedited participation in this court's mediation program," the court added.
January 4, 2011 |
Toy giant Mattel Inc. can't pursue copyright infringement claims against rival MGA Entertainment Inc.'s sexy Bratz dolls other than the original four and two later models, a federal judge ruled. In the prolonged fight over the ownership rights to the billion-dollar Bratz doll empire, U.S. District Judge David O. Carter on Dec. 27 granted a motion by Van Nuys-based MGA to prevent Mattel from seeking infringement damages over subsequent versions of the dolls, with the exception of two: Formal Funk Dana and Ooh La La Cloe.
March 12, 2010 |
MGA Entertainment Inc., the maker of Bratz dolls and other toys, may sell shares in an initial public offering, Chief Executive Isaac Larian said Thursday. But plans to go public are still far off, with Larian saying in an e-mail from Italy that it would happen "eventually." "It will be a few years before we can rebuild our company," he said. Van Nuys-based MGA makes toys, games, consumer electronics, home decor, stationery and sporting goods. Its toys include Little Tikes, Moxie Girlz and Rescue Pets, but the company is best known for its sexily dressed Bratz dolls, which are at the center of a bitter copyright dispute between MGA and toy giant Mattel Inc. Gerrick Johnson, a toy analyst at BMO Capital Markets, said he thought a public offering would be well-received by the investment community and would help MGA gain access to capital as it looks to expand its product lines.