Legal Issues With Franklin Mint
In 1998 the Fund refused Franklin Mint a licence to produce Diana memorabilia but the Mint went ahead and produced Diana merchandise anyway. The Fund sued in 2002 and lost the case because in the California courts right of publicity may only be filed on behalf of a dead person who is a Californian. The costs to the Fund were nearly £4 million. Franklin Mint counter-sued, on grounds of malicious prosecution, claiming exemplary and punitive damages and seeking $14 million. Consequently the Fund announced in 2003 it was "legally obliged to freeze not only new grants but payment of existing grants". The case was settled out of court in 2004 with the Fund agreeing to pay £13.5 million. Franklin Mint stated "While the precise terms of the agreement are confidential, the goal is to release funds to excellent charitable causes which resonate with the memory of the princess". By agreement with Franklin Mint the Fund was able to pledge £14m of grants over a period five-years.
Read more about this topic: Diana, Princess Of Wales Memorial Fund
Famous quotes containing the words legal, issues and/or franklin:
“There are ... two minimum conditions necessary and sufficient for the existence of a legal system. On the one hand those rules of behavior which are valid according to the system’s ultimate criteria of validity must be generally obeyed, and on the other hand, its rules of recognition specifying the criteria of legal validity and its rules of change and adjudication must be effectively accepted as common public standards of official behavior by its officials.”
—H.L.A. (Herbert Lionel Adolphus)
“The “universal moments” of child rearing are in fact nothing less than a confrontation with the most basic problems of living in society: a facing through one’s children of all the conflicts inherent in human relationships, a clarification of issues that were unresolved in one’s own growing up. The experience of child rearing not only can strengthen one as an individual but also presents the opportunity to shape human relationships of the future.”
—Elaine Heffner (20th century)
“At twenty years of age, the will reigns; at thirty, the wit; and at forty, the judgment.”
—Benjamin Franklin (1706–1790)