WWE's Lawsuit Against JAKKS Pacific Dismissed

Source:Prowrestling.com

Federal Lawsuit against JAKKS Pacific(R)
by WWE to Be Dismissed

Business Editors

MALIBU, Calif.--(BUSINESS WIRE)--Dec. 2, 2007--The Federal court
has issued an order stating that it will dismiss the lawsuit against
JAKKS Pacific, Inc. (NASDAQ:JAKK), its officers and other defendants
in the federal lawsuit initiated by World Wrestling Entertainment,
Inc. (WWE). The judge in the action captioned World Wrestling
Entertainment, Inc. v. JAKKS Pacific, Inc., et al., 1:04-CV-08223-KMK
in the U.S. District Court for the Southern District of New York,
stated in his order that the Court "has determined that it will grant
Defendants' motions to dismiss Plaintiff's Amended Complaint", and
that a "comprehensive opinion" "will be issued in short order" in
which "the reasons for this decision are explained in detail." The
state court litigation among the parties remains pending.

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. (NASDAQ:JAKK) is a multi-brand company that
designs and markets a broad range of toys and consumer products. The
product categories include: Action Figures, Art Activity Kits,
Stationery, Writing Instruments, Performance Kites, Water Toys, Sports
Activity Toys, Vehicles, Infant/Pre-School, Plush, Construction Toys,
Electronics, Dolls, Dress-Up, Role Play, and Pet Toys and Accessories.
The products are sold under various brand names including JAKKS
Pacific(R), Play Along(R), Flying Colors(R), Creative Designs
International(TM), Road Champs(R), Child Guidance(R), Pentech(R),
Trendmasters(R), Toymax(R), Funnoodle(R), Go Fly a Kite(R), Color
Workshop(R), JAKKS Pets(TM) and Plug It In & Play TV Games(TM). JAKKS
and THQ Inc. participate in a joint venture that has worldwide rights
to publish and market World Wrestling Entertainment video games. For
further information, visit www.jakks.com.

This press release may contain forward-looking statements (within
the meaning of the Private Securities Litigation Reform Act of 1995)
that are based on current expectations, estimates and projections
about JAKKS Pacific's business based partly on assumptions made by its
management. These statements are not guarantees of future performance
and involve risks, uncertainties and assumptions that are difficult to
predict. Therefore, actual outcomes and results may differ materially
from what is expressed or forecasted in such statements due to
numerous factors, including, but not limited to, those described
above, changes in demand for JAKKS' products, product mix, the timing
of customer orders and deliveries, the impact of competitive products
and pricing, and difficulties with integrating acquired businesses.
The forward-looking statements contained herein speak only as of the
date on which they are made, and JAKKS undertakes no obligation to
update any of them to reflect events or circumstances after the date
of this release. (C) JAKKS Pacific, Inc. All Right Reserved.

Okay anyone want to explain to me what all that means? Why was there a lawsuit in the first place?

I just post news!But this time,I don't have a clue!

I am lost too.

I'm also lost

Because Jakks was using lead paint in there toys and it had the WWE name on it. A bunch of chinese toy manufactures used the lead paint so its not to odd.