Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: indyjim46204 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 558  
Subject: JAKK WWF lawsuit Date: 12/6/2006 10:45 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
I don't have the time to locate it again, but when the WWF first filed its lawsuit I tracked down the Complaint. The complaint claims that WWF hired an agent to assist it in seeking a company to produce ceratin products under WWF licensing and that its agent and JAKK's colluded to deceive WWF into entering a licensing agreement. It contained incredible details of bribery, agent payola, foreign bank accounts, fraud, collusion and deception which went all the way up to the president of JAAK's. Having listened in to some earnings calls, I was shocked to come to the conclusion Friedman and friends could have done the things they are accused of, but its all there in black and white.

The allegations were not legal techno bable. No maybe's or probablys. They contained exact details of names, places, account numbers, amounts. It was like reading a spy thriller (you lawyers can track it down on PACER). I concluded if WWF could prove even half of what it alleged with so much clarity, then they were likely to prevail and JAKK was going to be liable for big damages. The stock had dropped like a rock and I sold half of my position.

At some point after the lawsuit was announced, it started going back up, ala RIMM. There is no question in my mind the company is going to pay big bucks to settle and god forbid they should have a trial.

On the other hand, they seem to be doing everything else right - again ala RIMM.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Back to the Future Buffalo Wild Wings
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement