4Kids Entertainment has lost the Yu-Gi-Oh animation franchise and is being sued by the series’ creators for alleged secret deals to defraud them of profits to the tune of over $4 million. (source) 4Kids reported 2010 annual results on March 31: revenues were $14.5 million compared to $34.2 million in 2009; net losses were $27.2 million compared to $42.1 million in 2009. If the lawsuit is not successfully defended, they list filing for bankruptcy (chapter 11) as a possible option.
Speaking of chapter 11, when Borders went down, it apparently owed several game companies $100,000 or more, including: Flying Frog, Hasbro, NECA, Pressman Toy, PSI, University Games, and USAopoly. (source)
At least one RC2 shareholder is suing to stop its acquisition by Tomy, claiming that the takeover amount is inadequate. (source)
Toys-R-Us will pay a $1.3 million penalty for trying to coerce its suppliers from limiting their business with other retailers. (source)
Hasbro has settled a patent lawsuit, over the Nerf N-Strike Disc Shot Blaster, with Lanard Games. (source)