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Short Take: TLC settles suit

The Learning Company announced that a favorable settlement was reached in the litigation it brought against a former manufacturer, Stream. The terms of the settlement were undisclosed. TLC had sought damages as a result of Stream's failure to complete its duties in the fulfillment and shipment of certain software products. Stream had countersued, seeking approximately $26.3 million for outstanding trade balances.

    The Learning Company announced that a favorable settlement was reached in the litigation it brought against a former manufacturer, Stream. The terms of the settlement were undisclosed. TLC had sought damages as a result of Stream's failure to complete its duties in the fulfillment and shipment of certain software products. Stream had countersued, seeking approximately $26.3 million for outstanding trade balances.