By the action, WWE is seeking treble, punitive and other damages, as well as a declaration that the videogame license with the joint venture of Jakks and THQ, and a related amendment to the toy license with Jakks, are void and unenforceable due to commercial bribery and other violations of state law.
Whoa. If anybody's a fan of the THQ/Yukes engine, time to invest in Smackdown vs. Raw -- it might be the last game using that engine to date. Shame considering they had already planned to expand on SvR's online functions for the next iteration.
Where else are they gonna go for a good wrestling game, though? The only other competition came from LoW, which was pretty weak... if they can somehow deal with Aki or Yukes directly, maybe they could salvage it.
Originally posted by Yahoo!The suit alleges numerous violations of the Racketeer Influenced and Corrupt Organization Act (RICO); violations of the anti-bribery provisions of the Robinson-Patman Act; and various claims arising under state law. By the action, WWE is seeking treble, punitive and other damages, as well as a declaration that the video game license with the joint venture of Jakks and THQ, and a related amendment to the toy license with Jakks, are void and unenforceable due to commercial bribery and other violations of state law. The lawsuit can be viewed at corporate.wwe.com.
So wait...me not smart. Does this mean WWE no longer wants THQ to be their video game company? If so should TNA start in talks with THQ?
(edited by XPacArmy on 19.10.04 1915) 78-84, #3 in American League East
From what I got of it, while James Bell was the Senior Vice President of Licensing and Merchandising with WWE, he recommended licenses that Stanley Shenker & Associates was the agent for, and in turn, SSAI split part of its commission with him. Also, Jakks was apparently paying money to Stanley Shenker. So Jakks was paying Shenker to acquire the licenses, and Shenker's company SSAI was paying money to Bell in order to get those licenses approved. These liceneses include the Jakks Pacific license for toys, and the Jakks THQ video game license.
And yeah, that means that they want to sever all ties with Jakks, and I'd guess that probably means THQ as well, since they were involved in a joint venture that received WWE's video game license.
But I really don't see anything that seems to say that THQ definitely was involved, so maybe something could still be worked out with them, as long as Jakks was no longer involved.
NOTE: The above post makes no sense. We apologize for the inconvenience.
Wow, tremendous that he can still walk nonetheless return to the ring. Shove this story to the faces of people who think wrestlers are bad people. Very noble thing by Saturn. Awkward, that we had a thread on Perry a couple days ago.