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Message: Justice for property rights prevails sometimes

Justice for property rights prevails sometimes

posted on Jul 18, 2008 08:19AM

If it happens in this case, it could happen for PTSC too.



On Thursday, Mattel might have finally caught the break it needed to offset the drop in Barbie sales, as a federal jury ruled that Mattel, not MGA Entertainment Inc., is the rightful owner of the $1 billion doll line Bratz. Mattel had alleged in a lawsuit that the doll's designer, Carter Bryant, had created Bratz while employed by Mattel, and a jury awarded the company intellectual-property rights. A separate trial will begin next week for damages, but the ruling is a huge boost for Mattel, which views Bratz as Barbie's biggest competitor.

A Friday note from Wachovia analysts said the jury could award damages for Bratz sales from 2001 until 2007 that could potentially add 75 cents a share in cash to Mattel. Wachovia "strongly" reiterated its outperform investment rating of the company's stock and said any cash proceeds would likely go toward a stock buyback.

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