Mega Brands Announces 3Q Results

Mega Brands has announced its third quarter results. The company reported net earnings of $72 million, or $1.22 diluted earnings per share, compared to a net loss of $122.1 million, or $3.34 diluted loss per share, in the same quarter of 2008. Net sales in the quarter decreased to $118 million compared to $160.9 million in the third quarter of 2008.

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The Toy Book’s Toy Report 11/10/09

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Catch up on last week’s news! Read The Toy Book Toy Report for 11/10/09.

To view click here.

Mega Brands Settles Lawsuits with Former Rose Art Owners

Mega Brands has settled a legal battle with the Rosens, the former owners of Rose Art Industries. Under the terms of the settlement, Mega Brands will receive approximately $17.2 million, and the Rosens will give up additional claims that totaled approximately $54.8 million.

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