People owed redemptions would be a fair way down the pecking order I imagine. It's more likely that remaining cards would be sold off to pay large creditors, rather than individuals......but doesn't mj have a massive in stake in UD? A couple of $m here or there to keep the doors open is nothing...probably just duck out to the car and get it from his ash tray!
ROFLMAO that is GOLD, you really should read the witness ( mcwilliams) deposition ( from around page 21)
lol, he claims he cant read,
whe asked what he does ( for a job) he answers "I wake up."
when asked "do you have a position within the UD company?" answer, "yeah when i wake up"
after readin thru it, yeah me thinks as long as that tool has any form of control or representation of the company they have no chance of lasting much longer.
To be fair people have been signaling the end of Upper Deck since 2010 when MLB sued them first time around, and when they were busted printing unlicensed Yu Gi Oh cards out of China.
$1.5mil to NFLPA and an outstanding $265,824.92 plus interest to MLB Properties doesn't sound like a great deal of money for a company that not long ago put in an offer to buy Topps for $420mil (but then ended up paying the IRS $80mil, and the California Tax Board $17mil, for a different matter).
Personally I hope the brand lives on, I tend to prefer their Hockey products over Panini's, but maybe not in the hands of McWilliams.
If Topps can continue after a buyout so can Upper Deck.
Just noticed the buybacks for fleer retro 11-12 release. So all UD have to do is buyback all their old cards and insert them into packs. NBA license problem solved? .... I kid !
Just noticed the buybacks for fleer retro 11-12 release. So all UD have to do is buyback all their old cards and insert them into packs. NBA license problem solved? .... I kid !