NY Court Ruling Opens Path For Forbes to Resume Control Of The Local Editions in Mexico, Colombia, Peru, Chile, Central America and the Dominican Republic

NEW YORK--(BUSINESS WIRE)--A United States District Judge for the District of New York ordered Media Business Generators (MBG) to withdraw an improperly obtained order from a Mexico City Judge that prohibited Forbes from moving forward with new partners in Mexico, Colombia, Peru, Chile, Central America and the Dominican Republic including Forbes En Español.

The Honorable Jessica Clarke, Judge of the United States District Court for the Southern District of New York, granted the injunction to Forbes, which announced in January 2024 that it has not renewed the license agreement in 2024 with MBG for the online and print editions that it previously operated.

In an attempt to continue operating the licensee business after the expiration of the license agreement, MBG obtained an injunction in Mexico City without the knowledge or involvement of Forbes. This measure was considered vexatious by Clarke. Being improper, the Judge ordered MBG to withdraw the measure in Mexico.

"We are pleased with the decision of the Honorable Jessica Clarke in favor of Forbes. Now that the injunction in Mexico must be lifted, Forbes will be able to fully exercise its rights under the agreement and in accordance with the laws of the State of New York," said Wendi Opper Uzar, an attorney on behalf of Forbes.

"We look forward to confirming the termination of the license agreement with Media Business Generators, which officially expired at the end of 2023 and was terminated for cause on February 14, 2024, for the editions in Mexico, Colombia, Peru, Chile, Central America and the Dominican Republic," Uzar added.