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Spin Master Settles Contract Suit After $4M Verdict Tossed


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Spin Master Settles Contract Suit After $4M Verdict Tossed
Law360 (February 11, 2021, 9:29 PM EST) Spin Master Ltd. has settled a breach-of-contract claim brought against it by former partner Rehco LLC in a dispute over remote-controlled helicopter royalties, with the parties moving to jointly dismiss the case in Illinois federal court on Thursday.
The former partners notified the court of a settlement in January, following U.S. District Judge John Robert Blakey s decision to toss Rehco s $4.1 million breach-of-contract award in November yet keep intact a $5.4 million patent infringement verdict. Details of the settlement were not available on Thursday.
A jury had awarded Rehco the infringement and breach-of-contract damages in December 2019, following a seven-day trial over. ....

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