UPDATE 2-THQ disputes Jakks' plan to extend joint WWE license
By : * Jakks notifies WWE of plans to extend video-game license
Date posted :2009-07-01 13:33:00
* THQ files lawsuit challenging extension plans
* Cos start arbitration proceedings (Adds analyst comments, background)
By Nivedita Bhattacharjee
BANGALORE, July 1 (Reuters) - Toymaker Jakks Pacific Inc (JAKK.O) said its joint-venture partner THQ Inc (THQI.O) filed a lawsuit disputing its decision to extend their video-game licensing with World Wrestling Entertainment Inc (WWE.N).
Video-game maker THQ filed the lawsuit in California Superior Court, claiming it was not ready to take a decision on the proposed renewal.
Read the full article.
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