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WWE file lawsuit against THQ

The WWE has officially filed a lawsuit against video game maker THQ.. WWE is blaming the company for improper sales of video games in Asia. The following was released by THQ yesterday:

AGOURA HILLS, Calif., Oct. 18 /PRNewswire-FirstCall/ — THQ Inc. (Nasdaq: THQI) and THQ/JAKKS Pacific LLC (the “LLC”) today announced that a lawsuit was filed on October 12, 2006 in Connecticut state court by World Wrestling Entertainment, Inc. against THQ and the LLC, involving a claim previously reported in Securities and Exchange Commission filings concerning allegedly improper sales of WWE video games in Japan and other countries in Asia. The lawsuit seeks, among other things, a declaration that the WWE is entitled to terminate the video game license and monetary damages. THQ and the LLC believe the lawsuit is without merit and we intend to defend ourselves vigorously.