Lawsuit Challenges Sale of Topps Company
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A new lawsuit challenges the terms of the recent purchase by Michael Eisner’s company of the trading card company, Topps.
A Topps shareholder, William Lipscomb, is asking a Manhattan Supreme Court judge to compel Mr. Eisner’s Tornante Company to pay shareholders a higher price and disclose more details of the acquisition announced Tuesday, attorney David Rosenfeld said.
A spokeswoman for Topps, Sharon Stern, said Mr. Lipscomb’s suit is baseless.
“We believe the suit is without merit, and we intend to defend it vigorously,” she said yesterday.
Topps, founded in 1938, produces cards for Major League Baseball, the National Football League, and the National Basketball Association in addition to Bazooka bubble gum and assorted lollypop candies.
