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Mattel loses Bratz battle, must pay millions

04/21/2011 4:28:27 PM PDT · by mgstarr · 20 replies · 1+ views
MSN ^ | 4/21/11 | Kim Peterson

Barbie just can't catch a break when it comes to those sassy Bratz dolls. Barbie maker Mattel (MAT) got smacked down by a federal jury today, and was ordered to pay $88.5 million to rival MGA Entertainment in a dispute over the Bratz line. In what's being called a stunning decision, the jury told Mattel that it does not own the Bratz dolls. The legal battle has been going since 2004, and one analyst said today that Mattel's failure to settle was a "tremendously bad decision" by management. "It means they wasted $400 million or so of shareholder money to...

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