WWE Sues Jakks Pacific & THQ
Posted by Anthony :: 2:17 PM
World Wrestling Entertainment, Inc. Files Suit Against Jakks Pacific, Inc., THQ, Inc. and Related Defendants
STAMFORD, Conn., October 19, 2004 --World Wrestling Entertainment, Inc. (“WWE”) today filed a fourteen count complaint in the United States District Court for the Southern District of New York against Jakks Pacific, Inc. (“Jakks”), two foreign subsidiaries of Jakks, THQ, Inc. (“THQ”), a joint venture involving Jakks and THQ, Stanley Shenker & Associates, Inc. (“SSAI”) and Bell Licensing, LLC. The suit also names as defendants certain individuals employed by the corporate defendants, including specifically Jack Friedman, Stephen Berman and Joel Bennett, the three highest-ranking executives of Jakks, and Stanley Shenker and James Bell.
To summarize all this legal jibber-jabber: When the WWE (then WWF) video game license was up for grabs in 1998, it appears that the WWE's director of Licensing, and an independent licensing agent, cooked up a scheme with Jakks Pacific in order to get the license, which invloved bribes and kick-backs. They later teamed up with THQ, as they were the ones who had the resources to actually make the games (THQ had just come off the WCW license).
Now, remember that this is all alleged, nothing has been proven yet in court. But this could mean a huge shake-up in the gaming world if things go WWE's way in court. WWE is looking to void their license with both parities.
Another option would be to void the license, and strike a new one, this time without Jakks Pacific invloved.
SmackDown Vs. RAW for the PS2 will still be released, on November 2nd in North America.