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An Orange County jury determined Friday that two lawyers who sued Upper Deck Co., a fast-growing baseball-card maker, should receive a $33.1-million award for their 3% stake in the company. Last week the jury found that Upper Deck executives gave a 3% share of the company to Anthony J. Passante Jr. when the company was started in Yorba Linda in 1988. Passante subsequently agreed to split the stake with Andrew J. Prendiville.
A judge overturned a $33.1-million jury award against baseball card manufacturer Upper Deck Co. on Friday, saying that actions of the plaintiff's lawyer prevented the company from getting a fair trial. In a written order, Judge James Cook of Orange County Superior Court said that the May 21 jury decision against Upper Deck, based in Carlsbad, could not stand because there was "insufficiency of the evidence to justify the verdict and the verdict is against the law.
September 8, 2010 | Chris Erskine
At first glance, Lolly Hellman is nothing special, another die-hard fan wearing Dodgers colors till she's blue in the face. Lolly hangs out in the high-altitude seats, the upper deck at Chavez Ravine. God's country. "We're like family up here," she says. Lolly, 57, can recite the names of all the fans and stadium workers around her. When usher Nadine Peraza recently had her baby, Lolly went to the hospital and gave a gift. When the ushers hold their potluck — yes, upper-deck workers organize such things two or three times a season — they'll share with Lolly and her husband and son. "I'm telling you, down there they don't do any of that," she says, pointing to the expensive seats.
August 23, 2007 | From Times Wire Reports
Shares of baseball card company Topps Co. fell 7% on Wednesday after hostile suitor Upper Deck Co. dropped its $417-million bid, leaving Topps with a $378-million offer from a buyout group and a firm led by former Walt Disney Co. Chief Executive Michael Eisner. Topps said it planned to "hold Upper Deck accountable for all damages suffered by Topps and our stockholders, as a result of Upper Deck's actions." In May, Upper Deck disclosed its unsolicited offer of $10.
An Orange County Superior Court jury on Wednesday unanimously agreed with two local attorneys who have long insisted that they own a 3% share in Upper Deck Co., the fast-growing baseball-card company. The 12-member Santa Ana jury deliberated for more than a day before determining that Upper Deck executives gave the 3% share to attorney Andrew Passante Jr. in 1988. Passante subsequently agreed to split the 3% stake with Andrew J. Prendiville, said Vincent J. Bartolotta Jr.
August 21, 2007 | From Reuters
new york -- Influential proxy advisory firm Institutional Shareholder Services recommended Monday voting against the takeover of baseball card company Topps Co. by a private equity firm and an investment group led by former Walt Disney Co. chief Michael Eisner. ISS said that investors should oppose the $384.5-million bid from Madison Dearborn Partners and Tornante Co. because there was an alternative, higher bid being offered by rival Upper Deck Co. for $425 million.
June 7, 2007 | From Bloomberg News
Topps Co. and some of its directors were sued by rival baseball-card maker Upper Deck Co. over claims that Topps breached a confidentiality agreement reached during merger talks. Upper Deck, joined in the suit by Topps investor Northwood Investors, also sought an injunction to block shareholders from voting June 28 on the company's sale to a Michael Eisner-led investment group, Topps said Wednesday in a regulatory filing. Topps, based in New York, agreed March 6 to be bought for $384.
December 1, 1992 | Associated Press
A Canadian manufacturing business announced Monday that it filed an $11-million lawsuit against a Carlsbad company that manufactures and distributes collectible sports cards. Pro-Index Corp. of Ontario charged in its lawsuit that the Upper Deck Co. acted in bad faith, violated antitrust laws, breached a contract and used unfair business practices in dealing with the Canadian corporation. The lawsuit was filed in San Diego Superior Court.
September 1, 1994
MPS Photographic Services Inc. in Fountain Valley has filed a lawsuit against Upper Deck Inc. and onetime California Angel third baseman Doug DeCinces, a former president of the sports card company. The case, filed Tuesday in Orange County Superior Court, alleges that DeCinces and Upper Deck committed fraud and breached a July, 1993, service contract with MPS Photographic. MPS says it was contracted to supply services including printing, color-processing design and photography.
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