Posted on 11/16/123 by Colin Vassallo
WWE and Panini has settled their lawsuit out of court and
the case was dismissed without costs and without prejudice.
No settlement terms were released.
A document filed with the Southern District Court of New
York yesterday states, “WHEREAS, the Court has been informed
that the parties have reached a settlement in principle in
this consolidated case. Accordingly, it is hereby ORDERED
that this action is dismissed without costs and without
prejudice to restoring the action to the Court’s calendar,
provided the application to restore the action is made
within thirty (30) days of this Order. Any application to
reopen filed after thirty (30) days from the date of this
Order may be denied solely on that basis. Any pending
motions are DENIED as moot, and all conferences and
deadlines are CANCELLED.”
WWE dumped the Italian trading card giant citing breach of
contract and Panini sued for termination of contract with no
warning and wanted the court to determine that WWE’s action
was invalid.
WWE already has an agreement with Fanatics to take over as
the new trading card license holder.