Konami Releases Statement on Upper Deck

by News | posted at 2010-02-04 11:28:00
tagged: Upper Deck, Yugioh, Counterfeit, Konami, Lawsuit, UDE, Settlement, ICv2

ICv2 is reporting two additional notes regarding the settlement over counterfeit Yugioh cards between Konami and Upper Deck. Upper Deck, determined to have illegally manufactured counterfeit Yugioh cards, arranged a settlement with Konami, the actual makers of the Yugioh game.

ICv2 reports a conditional settlement notice has been filed by Konami which provides for Upper Deck to remit two payments to them as part of the settlement. Additional terms outlining what constitutes a breach of that agreement are also included. Read the full article from ICv2 here.

In a second piece published on the same day, ICv2 reports Konami released a statement on the lawsuit. The company indicated it was "very pleased" with the outcome in the case. Read the full details here.

The lawsuit against Upper Deck marks a dark time for the company, who is also being sued by Major League Baseball for trademark violations.

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