CA King of Comedy bows to NY Prince of Porn
Laugh Factory and Times Square Arts Center Resolve Litigation
July 12, 2009 -- Laugh Factory, Inc., Jamie Masada, Times Square Arts Center
and Richard Basciano recently announced that they have reached an agreement,
resolving a lawsuit that claimed Times Square Arts Center and Richard Basciano
infringed the Laugh Factory trademark and logo.
In the lawsuit, originally filed on February 28, 2008 in the United States
District Court for the Southern District of New York, the Laugh Factory sought
damages and injunctive relief for infringement of the Laugh Factory trademark
and logo.
Basciano and the Times Square Arts Center filed counterclaims against Masada
and the Laugh Factory.
In connection with the settlement, Jamie Masada has withdrawn allegations
made in the lawsuit and apologizes for the misunderstandings that led to
the amended complaint.
Richard Basciano has withdrawn the allegations in the counterclaims and regrets
the misunderstandings that led to the parties’ dispute.
Richard Basciano said, “We are extremely pleased to have resolved our
litigation with Jamie Masada and the Laugh Factory.”
Jamie Masada, president of the Laugh Factory, Inc., said, “We are pleased
we were able to reach an amicable settlement. Mr. Masada wishes Mr. Basciano
all the best in his future endeavors.”
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http://www.prlog.org/10280357-laugh-factory-and-times-square-arts-center-resolve-litigation.html
http://www.free-press-release.com/news/200907/1247436655.html#bookmark
http://www.pressbox.co.uk/detailed/Legal/Laugh_Factory_and_Times_Square_Arts_Center_Resolve_Litigation_340420.html
http://openpr.com/news/87805.html
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