Satellite Insurance Litigation is Heating Up, With 4 Insurers Wanting to Get $80 Million of the $141 Million Fees/Costs Award to MGA.
In a case presenting an “endless story,” we report on the next piece of the evolving saga in the MGA Entertainment-Mattel case, one in which U.S. District Judge David O. Carter recently awarded MGA $141 million in fees and costs as against Mattel on a copyright infringement claim won by MGA after a jury trial.
The latest development is that four insurance companies have moved to intervene for purposes of sharing in the MGA fees/costs recovery, with all four companies seeking to recoup a total of about $80 million in fees and costs paid to MGA for defending against Mattel’s copyright infringement claim.
All of the insurance company cases were consolidated before Judge Carter, who has scheduled a February 7, 2012 trial. We don’t have to say it, but “stay tuned” for more updates.
More information on this Hydra-headed struggle can be found by reading Amanda Bronstad’s August 30, 2011 post on the on-line version of The National Law Journal.
