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American Greetings and Spin Master Settle Infringement Dispute
NEW YORK, March 20 /PRNewswire/ -- American Greetings Corporation
(NYSE: AM)
and Spin Master Toys have announced that they have settled the lawsuit
pending in the Southern District of New York. In the suit, American
Greetings alleged that its rights to the plush toy My Pet Monster
had been infringed upon by Spin Master in its marketing of the plush
toy Don't Free Freddy. Spin Master's Freddy will be marketed with
changes from the Toy shown at Toy Fair. The specific terms of the
settlement are confidential. American Greetings is the world's largest publicly held creator, manufacturer and distributor of greeting cards and social expression products. Its staff of artists, designers and writers comprises one of the largest creative departments in the world and helps consumers "say it best" by supplying more than 15,000 greeting card designs to retail outlets in nearly every English-speaking country. Located in Cleveland, Ohio, American Greetings employs more than 21,000 associates around the world. For more information on the company, visit http://www.americangreetings.com/ on the World Wide Web. About Spin Master Toys Spin Master develops, manufactures, markets and distributes its
own toy products around the world. Innovative Ideas, diligent product
development and powerhouse marketing strategies have created a worldwide
reputation for great products. Highly recognized for its creative
vision, Spin Master is one of the fastest growing toy companies
in the world. The company has several well-known brands including,
AIR HOGS(TM), METAL MAXX(TM), FLICK TRIX(TM), KEY CHARM CUTIES(TM),
and E-CHARGERS(TM). For more information, visit Spin Master's website
at http://www.spinmaster.com/
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