Friday, August 26, 2011

Bond...One Really Big Bond

In the never ending saga of the Bratz case, there is a new decision in the case. First, Mattel was able to in essence put MGA out of business until the Ninth Circuit reversed the decision for Mattel and ordered a new trial. At the new trial, MGA was successful and Mattel was order to pay hefty damages.

Now if Mattel wants to appeal to the Ninth Circuit, it will require a $315 million dollar bond. (Mattel’s damages totaled $310 million.) Mattel has until August 23, 2011 to post the bond.

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