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BUSINESS
April 28, 2009 | David Colker
Isaac Larian, the outspoken entrepreneur who made a fortune off the popular Bratz dolls, was ordered by a federal court judge late Monday to hand control of his company to a temporary receiver. In addition, MGA Entertainment Inc., based in Van Nuys, can no longer produce or distribute the sassy dolls. That's because U.S. District Court Judge Stephen Larson in Riverside also lifted his stay of an order giving archrival Mattel Inc. control of the Bratz assets.
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BUSINESS
February 1, 2013 | By W.J. Hennigan
Mattel Inc., the El Segundo toy maker, reported increased revenue in its fourth quarter, but profit fell 17% due to a litigation charge. On Friday, the Barbie and Hot Wheels maker reported net earnings of $306.5 million, or 87 cents a share, for the three-month period ending Dec. 31, 2012, compared with $370.6 million, or $1.07, in the same period the year before. During the quarter, Mattel had a charge of $137.8 million related to litigation in a trade dispute with Carter Bryant and MGA Entertainment Inc. over the Bratz doll line.
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BUSINESS
December 25, 1997
MGA Entertainment, a Los Angeles-based toy maker with $60 million in annual sales, said it emerged from nine months under federal Bankruptcy Court protection. The firm emerged from Chapter 11 last week after its insurer reached a $135,000 settlement with a former sales representative who sued the company for slander. The company denied the charge. The privately held company makes, among other toys, Singing Bouncing Baby doll and the remote-controlled RC Hockey game.
BUSINESS
January 25, 2013 | Frank Shyong and Andrea Chang
A federal appeals court has ruled that Mattel Inc. doesn't have to pay $172 million to MGA Entertainment Inc. to settle a trade secrets theft claim over Bratz dolls because a key claim should have been dismissed before trial. The ruling filed Thursday by the U.S. 9th Circuit Court of Appeals is the latest wrinkle in a bitter, protracted dispute between two Southland toy companies: El Segundo-based Mattel, the world's No. 1 toy maker and owner of the Barbie empire, and Van Nuys-based MGA, a little-known company until it introduced Bratz in 2001.
BUSINESS
January 12, 2011 | By Andrea Chang, Los Angeles Times
A former Mattel Inc. employee pleaded guilty to copying confidential company documents and records after he had accepted a job at rival toy maker MGA Entertainment Inc. and was sentenced in Los Angeles County Superior Court on Tuesday. As part of a plea agreement, Jorge Castilla, 34, will be placed on probation for three years, spend 30 days in county jail or serve 120 hours of structured community service, turn over all Mattel property in his possession and be required to pay restitution of $21,284.
BUSINESS
July 22, 2010 | By Carol J. Williams and Andrea Chang, Los Angeles Times
Toy giant Mattel Inc. can't claim a monopoly over dolls with a bratty attitude, and the rival company that developed the Bratz line deserves its fair share of the dolls' success, a federal appeals court ruled Thursday. The decision reversed the copyright victory scored two years ago in the battle over who owns the billion-dollar Bratz — Mattel, which employed the inventor while he did early development of the pouty plastic figures, or MGA Entertainment Inc., which later hired him and went on to produce the brand.
BUSINESS
July 16, 2011 | By Andrea Chang, Los Angeles Times
Toy giant Mattel Inc. reported Friday that second-quarter profit rose 56%, and company executives hinted that the company's long-running battle with rival MGA Entertainment Inc. over the Bratz doll line wasn't over despite Mattel's recent loss in federal court. The El Segundo company said that for the three months ended June 30, profit totaled $80.5 million, or 23 cents a share, compared with $51.6 million, or 14 cents, a year earlier. Sales increased 14% year-over-year, to $1.16 billion from $1.02 billion.
BUSINESS
December 9, 2004
* RCN Corp., a cable television, phone and Internet service provider whose shares sold for $72 in 2000 and now trade for 5 cents, won court approval of a plan to exit bankruptcy protection this year by trading $1.2 billion in unsecured debt for all the company's equity. * MGA Entertainment is aiming this holiday season to extend its Bratz brand by rolling out baby versions of the popular fashion dolls that have taken sales from Mattel Inc.'s Barbie.
BUSINESS
November 8, 2008 | Times Wire Services
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.
BUSINESS
September 11, 2008 | From Times Staff and Wire Reports
Legal fees from the court dispute pitting Mattel Inc. against MGA Entertainment Inc. over the Bratz doll line have eclipsed $90 million. Van Nuys-based MGA has accumulated $63 million in legal bills since El Segundo-based Mattel filed the copyright infringement lawsuit against it in 2004, and Mattel has racked up about $30 million in the first half of this year, according to court records and financial disclosures.
ENTERTAINMENT
July 26, 2012 | By Todd Martens
The following are some of the Lady Gaga-branded items available for purchase in her official Web store: a USB drive, headphones, tote bags, stickable "body beadz," Christmas cards, sunglasses, temporary tattoos and Bluetooth sets. Noticeably lacking? Action figures. Now, efforts to develop a new Gaga action figure have hit a serious snag. Multiple outlets have reported that MGA Entertainment, the company behind the popular, snotty Bratz doll toy line, has filed a $10-million lawsuit against the pop star.
BUSINESS
July 25, 2012 | By Dalina Castellanos
Looks like Bratz Dolls won't be sporting a meat dress any time soon. A New York judge denied a request Wednesday by the dolls' makers to immediately order pop star Lady Gaga and her handlers to authorize production of the dolls. MGA Entertainment Inc., which produces Bratz Dolls, filed the order Tuesday, saying it signed a deal with and paid a $1-million advance to Bravado International -- the company that handles Gaga's entertainment merchandising -- to make a doll in her likeness.
BUSINESS
February 1, 2012 | By Shan Li, Los Angeles Times
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.
BUSINESS
October 15, 2011 | By Andrea Chang, Los Angeles Times
With Mattel Inc. heading into the most important time of the year for the toy industry, the toy maker reported a 6.2% rise in third-quarter profit and healthy sales increases across several major product lines, including Barbie and "Cars 2" merchandise. Chief Executive Robert A. Eckert said during a call with analysts Friday that merchants were optimistic about holiday toy sales, though many were "managing their inventories overall pretty tightly. " He said Mattel was "keenly focused" on strengthening its core brands and entertainment properties, expanding its international footprint and building its newest franchise, the Monster High line.
BUSINESS
August 5, 2011 | By Andrea Chang, Los Angeles Times
A federal judge ordered toy giant Mattel Inc. to pay bitter rival MGA Entertainment Inc. more than $309 million in damages, fees and other costs in the long-running dispute over the billion-dollar Bratz doll line and rejected Mattel's bid for a new trial. Isaac Larian, the outspoken chief executive of Van Nuys-based MGA, said he was thrilled by the decision by U.S. District Judge David O. Carter, which he called a "step in the right direction. " "I feel vindicated and I'm very excited," he said in an interview.
BUSINESS
July 16, 2011 | By Andrea Chang, Los Angeles Times
Toy giant Mattel Inc. reported Friday that second-quarter profit rose 56%, and company executives hinted that the company's long-running battle with rival MGA Entertainment Inc. over the Bratz doll line wasn't over despite Mattel's recent loss in federal court. The El Segundo company said that for the three months ended June 30, profit totaled $80.5 million, or 23 cents a share, compared with $51.6 million, or 14 cents, a year earlier. Sales increased 14% year-over-year, to $1.16 billion from $1.02 billion.
BUSINESS
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.
BUSINESS
February 13, 2008 | From Times Wire Services
Ubisoft Entertainment, Europe's second-biggest maker of video games, won a $13.2-million judgment against Van Nuys-based toy maker MGA Entertainment Inc. in a contract dispute over Bratz dolls. The award was reached through national arbitration and confirmed by Los Angeles County Superior Court, France-based Ubisoft said. The two companies sued each other in federal court after a 2002 licensing agreement to make video games based on MGA's Bratz dolls fell apart.
BUSINESS
April 22, 2011 | By Andrea Chang, Los Angeles Times
Score one for the little guy. In siding with MGA Entertainment Inc. over rival Mattel Inc. in the retrial over who owns the rights to the billion-dollar Bratz doll franchise, a federal jury said the toy giant had not proved its allegations of copyright infringement. What's more, some jurors said they sympathized with MGA's plight as a small company trying to compete with the industry behemoth. "I don't think anyone should be able to bully someone and own everything," said juror Nadine Done, 22. The eight-person jury unanimously rejected Mattel's copyright infringement claims; said Mattel did not own the rights to the dolls, early models or sketches; and said MGA did not steal trade secrets.
BUSINESS
April 16, 2011 | By Andrea Chang, Los Angeles Times
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.
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