Fidelity SPDR Advertisement
Home > Boards > US OTC > Food - Beverages > Cirtran Corp (CIRC)

Playboy is in turmoil after losing lawsuit after

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
seven77 Member Profile
 
Followed By 8
Posts 179
Boards Moderated 0
Alias Born 10/02/09
160x600 placeholder
Web Site Supports Worldwide Sales of Playboy Energy Drinks "Business Wire" - 9/8/2014 1:56:00 PM
CirTran Sales Slip in Second Quarter Filing "Business Wire" - 8/29/2014 9:03:00 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 8/28/2014 5:19:51 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) "Edgar (US Regulatory)" - 8/14/2014 4:04:57 PM
CirTran’s First Quarter Results Show a Reduction in Losses from Operations "Business Wire" - 7/29/2014 9:07:00 AM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 7/29/2014 6:04:56 AM
Illinois Court Again Rules for CirTran/PlayBev Over Playboy "Business Wire" - 6/3/2014 9:05:00 AM
CirTran Files Form 10-K for 2013 Showing $1.1 Million Bottom Line Improvement "Business Wire" - 5/28/2014 9:05:00 AM
Annual Report (10-k) "Edgar (US Regulatory)" - 5/27/2014 5:10:57 PM
CirTran Provides Update on Status of Late Form 10-K Filing "Business Wire" - 4/28/2014 9:05:00 AM
Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q) "Edgar (US Regulatory)" - 4/1/2014 10:14:10 AM
Notification That Annual Report Will Be Submitted Late (nt 10-k) "Edgar (US Regulatory)" - 4/1/2014 10:13:39 AM
CirTran/PlayBev Continue to Gain Legal Victories Over Playboy "Business Wire" - 1/9/2014 8:45:00 AM
CirTran Continues to Show and Grow Profits in Third Quarter Filing "Business Wire" - 11/20/2013 8:29:00 AM
Once Again, the Famous Rabbit Trademark to Remain on CirTran’s Playboy Energy Drink "Business Wire" - 10/30/2013 8:57:00 AM
OTCBBJournal.com Teams Up with SmallCapTraders.com for What Could quickly become One of Our Biggest Percentage Gain Micro-Cap... "InvestorsHub NewsWire" - 10/9/2013 7:30:00 AM
seven77   Wednesday, 01/09/13 11:17:48 PM
Re: None
Post # of 30522 
Playboy is in turmoil after losing lawsuit after lawsuit.
Headlines read "Playboy Shells Out $5.25 Million to Settle Lawsuit", " Playboy loses round in trademark suit.", "Playboy Lost to Reisman! Reisman Child Porn Study Defeats Playboy's Dutch Libel Suit.", "Playboy loses infringement suit against Playmate of the Year","Playboy loses trademark tiff."
...etc, etc, etc.
Hefner is losing control of this company:,
"Hefner pushed the buyout after he faced a challenge for control of the company in 2010 when FriendFinder Networks Inc., owner of Penthouse magazine, offered $210 million for Playboy."

There is no way Playbev and Cirtran lose this one.
Playboy's counter suit is nulll and void by the judge's ruling on the previous hearing:, "Playboy wrongfully severed a licensing agreement with the company that makes and sells the Playboy Energy Drink and tried to cut it out of the distribution network, Play Beverages and its distributor claim in court.
Regadless Cirtran is in the clear:,
"(b) PlayBev represents and warrants that the Playboy License Agreement
is in full force and effect as of the date hereof and that such License
Agreement has not been amended from the form provided to CBC.",....
(a) Subject to the terms and conditions of this Agreement and the
License Agreement, PlayBev hereby grants to CBC during the term of this
Agreement an exclusive license solely for the purpose of fulfilling CBC's duties
hereunder (i) to use the intellectual property licensed from Playboy to
manufacture, sell and distribute the Products in the Territory (the "Purpose");
(ii) to use the trademarks licensed from Playboy for the Purpose; and (iii) to
use the recipes, formulas, manufacturing specifications and know-how related to
the Product for the Purpose. The intellectual property described in clauses (i),
(ii) and (iii) of the preceding sentence is referred to as the "Product
Intellectual Property".

(b) PlayBev represents, warrants and covenants that it has all
necessary power and authority to grant to CBC the rights to the Product
Intellectual Property in this Agreement, and neither the granting of the rights
nor the exercise of them by CBC will infringe or violate the intellectual
property or other proprietary or intangible rights of any other person or
entity
. PlayBev has not been and is not, as of the date of this Agreement, a
party to any litigation enforcing or defending PlayBev's rights in, to or with
respect to the Products or the Product Intellectual Property, and PlayBev is not
aware of any such claims made or threatened involving the validity of PlayBev's
rights in, to or with respect to the Products or Product Intellectual Property.

By The way can anybody provide a link to the court documents of the Playboy counter claim?


Of course this is just my opinon!

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist