Mattel will also receive $100 million from MGA, in addition to an order to no longer produce, sell, or promote Bratz, products. The Bratz brand will be pulled from shelves by the end of the holiday season.
Without a winning appeal, experts speculate whether MGA, whose products are primarily tied into its Bratz brand, can survive.
Also:
Anna Wintour finally addresses rumors of her removal from Vogue.
The New York Times continues to liveblog from inside the auto hearings on Capitol Hill.
Celebrity weeklies are facing up-hill battle with falling sales.