Upper Deck International has filed suit against the U.S. subsidiary known to most North American collectors, seeking damages after it says CEO Richard McWilliam's actions cost them millions and caused more than ten dozen overseas employees to lose their jobs.
The case stems from the Yu Gi Oh! trading card saga that played out in court three years ago. The issue, however, wasn't over according to UDI. In fact, the Netherlands-based company claims its nightmare was only beginning.
That story is a bit vague on the details. Not even sure how it works when a parent company is trying to sue its subsidiary. And how is UD operating now with the same CEO if UDI is blaming the sub and penalties have not been paid according to the article? If UDI is the parent company doesn't it control the CEO of any subsidiary?
Is there a lawyer in the house?
August 08, 2011, 11:58 PM
I have a friend who works for Upper Deck, so I would be very sad for him if they end up closing. I think that Ed is right, though -- when a company sues itself, something is not right.
____________________ "For a universe that's supposed to be half Chinese, Firefly sure doesn't have any Asians." -- The Uncomfortable Truths Well
August 09, 2011, 12:39 AM
Ted Dastick Jr.
Is UDI publicly owned or something?
I'll admit sometimes they put out decent products, but after the whole Marvel Masterpieces 2 debacle I dealt with I honestly have no remorse if they fold. Their "holier than thou" attitude is finally biting them.
August 09, 2011, 06:55 AM
i wont miss them,i have never bought any of there cards.the company seems a little dodgy to me!
August 09, 2011, 08:12 AM
Maybe those non-sport releases will be dumped sooner than we figured...popcorn time!
____________________ Feeling happy? Then rip open a box. Feeling blue...then rip 2!
August 09, 2011, 12:15 PM
Disney needs to wash their hands of UD and give their business to Rittenhouse.
____________________ Ok 1 more pack then I'am done...no really..wait how many are left in that box?
Ryan that's an interesting read. You have to wonder how long other companies will continue to do business with any part of UD if there is so much uncertainity about its legal and financial future.
August 12, 2011, 05:02 PM
It was funny how the author compare it to a Jerry Springer family dispute.
Waao! Your brother or sister give you some money to buy a Twix to share the candy bars, but you end buying a Snicker for yourself.
August 14, 2011, 04:31 AM
Originally posted by Jason00: I have a friend who works for Upper Deck, so I would be very sad for him if they end up closing. I think that Ed is right, though -- when a company sues itself, something is not right.
I have two freinds who worked for this company at it's UK offices. They lost there jobs. I hope that no one other than the people responsible for this debacle lose their jobs but something has to be done to rectify what is now a joke company to many and try to stabalise what is left for the remaining employees.
The saga continues and I will not by a single item from Upper Deck until they steady the ship.
____________________ Kelly Kelly! So nice they named her twice!