(CNS) Posted Wednesday May 25, 2011 ” 2:52pm
The amount MGA was looking had been hermetically sealed in justice documents, but MGA Chief Executive Officer Isaac Larian fixed the $440 million figure whilst conversing to reporters about the box during a break in a daylong conference on indemnification and Mattel’s suit for a new trial.
Even if U.S. District Judge David O. Carter awarded MGA the full amount sought, “it will not indemnify us is to full damage,’ Larian said.
According to Larian, Hasbro offering to purchase the Bratz line for $1.1 billion in 2006, but MGA had to pass up the treat since the tentative lawsuit with Mattel.
The El Segundo-based fondle giant’s consultant gritty in 2008 that the Bratz brand was value $948 million, and Mattel CEO Robert Eckert mentioned in a deposition is to many new turn of authorised battles that the brand was value $100 million to $150 million, Larian said.
MGA scored a poignant authorised feat on April 21 when a jury awarded the firm $88.4 million in saving indemnification and deserted Mattel’s affirm that MGA stole its rival’s secrets and that it owned the thought is to in style line of multi-ethnic dolls with oversized heads and feet.
Carter can three times the saving damages, that would give MGA $265.2 million total. With attorneys’ fees, that would increase up to $440 million, according to Larian.
MGA profession Jennifer Keller mentioned she could not criticism on the amount of the attorneys’ fees.
Mattel’s attorneys argued this sunrise that the firm should not owe MGA any attorneys’ fees because its lawsuit did not attain the authorised typical for “bad faith.’
Larian mentioned his firm has had to lay off about 300 employees since the years of lawsuit and a Riverside sovereign jury’s Aug 2008 statute in preference of Mattel in its polite suit alleging MGA had committed
