Princess patents. (Law).Stewart and Lynda Resnick, owners of Roll International Corp., have filed a $25 million malicious prosecution An action for damages brought by one against whom a civil suit or criminal proceeding has been unsuccessfully commenced without Probable Cause and for a purpose other than that of bringing the alleged offender to justice. claim against the estate of Princess Diana and a memorial fund established in her name. The Resnicks, who with an estimated net worth of $900 million are among the wealthiest people in L.A., filed the suit on behalf of Roll's Franklin Mint subsidiary. The suit, filed on Nov. 15 in Los Angeles Superior Court, is the latest salvo in the battle between the sellers of Diana collectibles. The fight started when the Estate of Diana, Princess of Wales Diana, princess of Wales orig. Lady Diana Frances Spencer (born July 1, 1961, Sandringham, Norfolk, Eng.—died Aug. 31, 1997, Paris, France) Consort (1981–96) of Charles, prince of Wales. and the Diana, Princess of Wales Memorial Fund The Diana, Princess of Wales Memorial Fund was set up after the death of Diana, Princess of Wales, in 1997. It received money set aside by Diana's will, contributions by her former husband, The Prince of Wales, donations by the public, and the proceeds from Elton John's new sued the Franklin Mint in 1998, claiming it sold products depicting Diana that may have been confused with the 20 products endorsed by the fund. The Franklin Mint had been selling products related to Diana, who died in a car crash in 1997, since her 1981 marriage to Prince Charles. The Mint won that case in 2000 and was awarded $2.3 million in legal fees. "While we were gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that the courts ultimately threw out the case and characterized many of the Memorial Fund's allegations as absurd,' 'groundless' and 'unreasonable,' the Memorial Fund and their trial lawyers need to be held accountable for their actions," said a Franklin Mint statement. "It is for this reason that the Mint's owners decided to bring their action for malicious prosecution." The Franklin Mint intends to donate to charity any damage awards exceeding the costs of the suit, according to the statement. Barbara Solomon, the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of attorney representing the estate and memorial fund, did not return phone calls. The Franklin Mint is seeking $25 million in damages, costs and punitive damages Monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer. . Staff reporter Amanda Bronstad can be reached at (323) 549-5225 ext. 225, or at abronstad@labusinessjournal.com. |
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