Click here to read the entire article.“We are very pleased that the court dismissed Threshold’s multi-million dollar claims," Warner Bros. tells THR in a statement. "This victory fully vindicates Warner’s position that it accounted to Threshold fairly, appropriately and according to the parties’ contract."
"Threshold will be appealing the ruling and the denial of a jury trial," says Kasanoff attorney Howard Miller of Girardi and Keese.
This week's ruling only covers an audit period of 2000-2004. Kasanoff filed a separate lawsuit over Kombat for the 2004-2008 period. That case is still pending but the first three years of the period were thrown out based on the statute of limitations. A third case filed by Kasanoff in bankruptcy court in 2009 targeted the sale of Midway Games to Warner Bros and its impact on his intellectual property rights in certain characters associated with the Kombat franchise. That case is still pending.
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