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| Upper Deck sues Upper Deck over Yu Gi Oh | |
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| Tweet Topic Started: Aug 8 2011, 11:52 PM (1,834 Views) | |
| niniendowarrior | Aug 8 2011, 11:52 PM Post #1 |
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Senior Member
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It's great to be part of Upper Deck! http://www.animenewsnetwork.com/news/2011-08-08/upper-deck-sues-own-subsidiary-over-yu-gi-oh-counterfeit-cards |
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| kariggi | Aug 9 2011, 01:03 AM Post #2 |
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Hero For Hire
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Wow, just wow. |
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| CaptainCuba | Aug 9 2011, 01:32 AM Post #3 |
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Seriously...does this improve the chance of them selling the license? CC |
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| conykchameleon | Aug 9 2011, 01:58 AM Post #4 |
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Can't believe that this is still going on. They're just dragging themselves through the mud. Literally. |
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| carlosthedwarf | Aug 9 2011, 04:03 AM Post #5 |
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Alpha Flight LIVES!!
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Holy crap. I'm stunned and amused. I feel bad for laughing, but - well - |
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| JoseG | Aug 9 2011, 02:11 PM Post #6 |
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well this puts the cherry on top of the ice cream, when a company starts to have internal wars it will only get to the destruction of the whole organism, black clouds are coming to UDE. |
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| KardKrazy | Aug 9 2011, 03:59 PM Post #7 |
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"'I've got a huge" Member
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What...huh...how...why...Oh UDE............................You never cease to amaze me. My favorite part of the article. This sentence -
Yeah...Suing yourself really helps with that last part. lol, Kj |
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| kariggi | Aug 9 2011, 04:40 PM Post #8 |
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Hero For Hire
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Now that I think about it this may not be a bad idea, I'm almost certain that I have damaged my reputation in the past and I certainly deserve reparations for those actions. I wonder how much I can get out of me. |
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| Eponymous | Aug 9 2011, 06:04 PM Post #9 |
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To quote vs_savant from the general forum: drunken hussy. |
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| j-man | Aug 9 2011, 06:16 PM Post #10 |
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i would love to be in the room for the settlement negotiations. imagine ude trying to settle for a high amount then ude have to try to haggle down the price. ill be laffing my but off if they are suing for a number higher than what the companies worth. i mean how the hell will they be able to pay that |
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| EvilDave | Aug 9 2011, 07:59 PM Post #11 |
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I'd countersue over the fraudulent baseball cards. Anyone remember the coke suing coke zero ads? :). |
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| EvilDave | Aug 9 2011, 08:05 PM Post #12 |
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And weird as it sounds, this lawsuit makes sense. This would enable the parent company to absorb UDE's assets and bankrupt it. And as law settlements are paid first, basically anyone UDE owes would lose out; while Upper Deck would get to keep all of the money. It's very shady dealings. |
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| j-man | Aug 9 2011, 08:06 PM Post #13 |
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oh yea, i remember that. lol suits like these remind me of that bully that grabs ur and and makes u hit urself only now hes saying "Quit suing urself. Quit suing ur self" |
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| vs_savant2 | Aug 17 2011, 05:10 AM Post #14 |
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Zen Master of the Versus Arts
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For them to truly bankrupt itself, they would first have to divest the subsidiary company from itself. The file for dissolvement. Still shady, but heck atleast Apple ain't suin them because they made rectangular shaped items. |
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| OnyxWeapon | Jun 5 2012, 10:14 AM Post #15 |
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Keeper of the Realm
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laughed to myself reading over the compilation of lawsuits. (from the upper deck wiki) Lawsuits Under the executive direction of McWilliam, Upper Deck became known as a litigious company. Stars like Mickey Mantle, Kareem Abdul-Jabbar and Ted Williams, Upper Deck employees, vendors and even licensors were forced to the courts to settle simple disputes with McWilliam. Pelton & Associates successfully froze all of Upper Deck's product shipments after they proved to the court that they actually owned the custom logos, designs and packaging and that Upper Deck had not paid them.[citation needed] Konami - After Upper Deck admitted to counterfeiting cards, the lawsuit was settled out of court.[citation needed] MLB - filed a federal lawsuit in New York against Upper Deck, accusing the company of trademark infringement and illegally selling cards that feature official team logos and uniforms. The complaint also notes that Upper Deck owes MLB $2.4 million.[citation needed] Kareem Abdul-Jabbar - Upper Deck used six photos of Abdul-Jabbar during his college years without permission. The photos were part of a trading card series called "Greats of the Game," which also had Adul-Jabbar's name and signature. "Abdul-Jabbar never authorized the production of the cards," the suit reads according to Courthouse News. "In fact, at all times, Upper Deck was fully aware that Abdul-Jabbar had never authorized Upper Deck to use his photograph, name and signature for college-themed cards, and Abdul-Jabbar had previously rejected Upper Deck's request for such authorization." Upper Deck has yet to respond to the allegations.[citation needed] American International Specialty Lines Insurance Company - This appeal (12-11-2008) arises out of an insurance policy that The Upper Deck Corporation (“Upper Deck”), purchased from American International Specialty Lines Insurance Company (“AISLIC”). The policy insured a tax strategy that KPMG, an accounting firm, developed for Upper Deck. The IRS investigated the tax strategy and determined that it constituted an improper tax shelter. Upper Deck then settled with the IRS for $80 million in back taxes and interest, and with the California Franchise Tax Board for $17 million in back taxes and interest.[citation needed] After AISLIC rejected Upper Deck’s claim that the policy covered the loss incurred as a result of the settlement, Upper Deck and its Chief Executive Officer, Richard McWilliam, filed a complaint in the United States District Court for the Southern District of California seeking, inter alia, a declaratory judgment that the policy issued by AISLIC covered the loss. Subsequently, the district court granted AISLIC’s motion to compel arbitration.[citation needed] A three-member panel of arbitrators held that Upper Deck and McWilliam were not entitled to coverage because Upper Deck had abandoned the tax strategy that AISLIC had insured. The district court confirmed the arbitration award.[47] |
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