Universal sues Kazuo Okada's firm
The dispute is for JPY100 million (US$890,684) with Universal saying Okada’s company is failing to pay patent licensing fees.
Universal Entertainment issued a filing to the JASDAQ Securities Exchange on September 22 saying Aruze Gaming America had “no capital relationship” with them as the former’s shares were “wholly owned by Kazuo Okada although there are business relationships such as purchase of slot machines.”
“(Universal) verified that Aruze Gaming America has continued to use company-held patents without permission, and that there is an extremely high possibility that it is manufacturing and selling products using those patents,” the group also said adding it would be“demanding an injunction to stop said manufacture and sales activities by Aruze Gaming America”
Back in June, Kazuo Okada was ousted from the Universal Entertainment board following fraud allegations over the transfer of HK$135 million ( US$17.3 million) to an unnamed third party. Also that month, the Japanese tycoon was dropped as chairman of the Okada Holdings Ltd.
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