Writs fly in Toyland over pounds 70m bid
Monday 08 February 1999
David Lane, who successfully exported an American version of Noddy to the United States, is being sued by Chorion, the company that owns the rights to the characters, for allegedly disclosing confidential information in relation to the bid.
Mr Lane resigned as a director of Chorion last September. He launched his bid soon afterwards using the American investment bank Bear Stearns. He was rebuffed by Chorion's board, led by John Conlan, chairman, and Nick Tamblyn, managing director.
Mr Lane was bidding for the intellectual property rights to more than 600 stories by Enid Blyton, which Chorion's predecessor bought from the writer's family for pounds 14m in 1996.
The bid also included Agatha Christie's oeuvre, which the company bought from the food giant Booker for pounds 10m last year.
Chorion is demanding damages for breach of contract, compensation for breach of fiduciary duty and breach of confidence, and damages for interfering with the company's affairs by unlawful means. Mr Lane is understood to be contesting the action. Mr Lane and Chorion both declined to comment on the case.
Mr Lane joined the board of Chorion, the renamed Trocadero company, in July 1997 at the same time as Mr Conlan and Mr Tamblyn arrived from Allied Leisure.
Mr Lane became managing director of Enid Blyton Ltd, the company which owns the rights to the famous children's writer's books, where he was widely credited with securing a highly lucrative television deal for an American Noddy.
- 1 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 2 Mystery man who gave mum heart-warming note on train 'wanted to put a smile on her face'
- 3 Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
- 4 Mafia's wall of silence broken: Victim of Cosa Nostra's extortion rackets in its Corleone heartland co-operates with authorities for the first time ever
- 5 Amal Clooney gives excellent answer to fashion question at European Court of Human Rights
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
Louise Mensch says 'F**K YOU' in explosive tweets about David Cameron, Saudi Embassy and the Queen over King Abdullah tributes
iJobs Money & Business
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...