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Article: Receiver starts dressing up maker of Bratz: Mattel seems to be winning war with MGA.(RETAIL)(MGA Entertainment Inc.)(Isaac Larian)(Patrick Fraioli)
- Article from:
- Los Angeles Business Journal
- Article date:
- May 4, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It's been a bumpy ride for MGA Entertainment Inc. Chief Executive Isaac Larian.
The 55-year-old entrepreneur was hit last week with a federal judge's ruling that gives control of his company to a temporary receiver.
It's the latest blow to Larian in his long-running war with Mattel Inc. over ownership of MGA's Bratz dolls. Mattel seems to be winning at every turn.
The receiver, Beverly Hills attorney Patrick Fraioli, replaces the MGA board and has sweeping authority to sell company assets, investigate business transactions or even recommend that the company file for bankruptcy.
"He is charged with operating the business and to ...