4Kids Files Shareholders' Report on Yu-Gi-Oh! Lawsuit

[sakabatou]

On Wednesday, the North American media distributor 4Kids Entertainment filed a Form 8-K report to the United States Securities and Exchange Commission (SEC) to address TV Tokyo and Nihon Ad Systems' (NAS') recent lawsuit against 4Kids and their letter of termination for 4Kids' Yu-Gi-Oh! licensing. The two Japanese licensors accused 4Kids of underpaying them and of conspiring with anime distributor Funimation to defraud them. The lawsuit cited information from a recent audit conducted on 4Kids' Yu-Gi-Oh! business. As a publicly traded company, 4Kids is required to file a Form 8-K to inform its shareholders of major events.

More: http://www.animenewsnetwork.com/news/2011-03-31/4kids-files-shareholders-report-on-yu-gi-oh-lawsuit