NEW YORK--(BUSINESS WIRE)--NSI and Imperial Toy LLC jointly announced that they had reached an amicable resolution of the lawsuit NSI filed against Imperial on February 13, 2015. The terms of the parties’ resolution are confidential.
“We are pleased with the outcome of the litigation and that we were able to resolve the case without further litigation,” said NSI’s President Frank Landi.
Peter Tiger, Imperial’s co-President added, “Imperial is also pleased to have resolved this case, and with the result. We also note that notwithstanding NSI’s prior statements regarding the safety of our ‘Googly’ products, the products have been subject to rigorous testing. The withdrawal of the Massive Googly product from the European market in 2009 was voluntary in order to have it tested for flammability. We resumed selling the ball after experts concluded that it complied with European safety and flammability standards.”
ABOUT NSI INTERNATIONAL INC.
NSI International Inc. is a global marketer and manufacturer of innovative toys and children’s products under such established brands as Nickelodeon, Smithsonian and Oglo sports. NSI is headquartered in New York City, and its products can be found in thousands of retail locations in countries around the globe.
ABOUT IMPERIAL TOY®
Founded in 1969, Imperial Toy is a leading maker of licensed and non-licensed kids’ bubbles, seasonal products and novelty toys. Imperial Toy brands include Blitz® Bubbles, Miracle® Bubbles, Super Miracle® Bubbles, SMB Premium Plus®, Googly®, KAOSTM, Legends of the Wild West® and Runway Pink®. We produce licensed products for industry giants, including Disney®, Nickelodeon®, Thomas the Tank®, Little Tikes®, Marvel®, Sanrio®, and more. Imperial distributes products in over 75 countries worldwide, has offices in Los Angeles, Hong Kong and Modena, Italy, and distribution centers in Mississippi, Mexico and San Diego. For more information about Imperial Toy please visit www.Imperialtoy.com.