JAKKS Pacific Prevails in WWE State Court Lawsuit

MALIBU, Calif.--()--JAKKS Pacific (NASDAQ:JAKK), announced that the Connecticut State Court has granted summary judgment today in the state court action, dismissing World Wrestling Entertainment, Inc.s (WWE) bribery and anti-trust claims against JAKKS and its principals on the basis of collateral estoppel and statute of limitations grounds. The decision is being reviewed by the Company and may be subject of a further press release.

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. (NASDAQ: JAKK) is a multi-brand company that designs and markets a broad range of toys and consumer products. The product categories include: Action Figures, Art Activity Kits, Stationery, Writing Instruments, Performance Kites, Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush, Construction Toys, Electronics, Dolls, Dress-Up, Role Play, and Pet Toys and Accessories. The products are sold under various brand names including JAKKS Pacific®, Play Along®, Flying Colors®, Creative Designs International, Road Champs®, Child Guidance®, Pentech®, Trendmasters®, Toymax®, Funnoodle®, Go Fly a Kite®, Color Workshop®, JAKKS Pets and Plug It In & Play TV Games. JAKKS and THQ Inc. participate in a joint venture that has worldwide rights to publish and market World Wrestling Entertainment video games. For further information, visit www.jakks.com.

This press release may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific's business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS' products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, and difficulties with integrating acquired businesses. The forward-looking statements contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release. © JAKKS Pacific, Inc. All Right Reserved.

Contacts

JAKKS Pacific, Inc.
Genna Rosenberg
(310) 455-6235 or gennar@jakks.net
or
JAKKS Pacific, Inc.
Anne-Marie Feliciano
(310) 455-6245 or anne-marief@jakks.net

Contacts

JAKKS Pacific, Inc.
Genna Rosenberg
(310) 455-6235 or gennar@jakks.net
or
JAKKS Pacific, Inc.
Anne-Marie Feliciano
(310) 455-6245 or anne-marief@jakks.net