A 2015 settlement is preventing the John DeLorean's estate from cashing in on 'Back to the Future'-related royalties
If John DeLorean's wife could take one of his cars back in time, she'd likely change the terms of a settlement with DeLorean Motor Company. As it stands, that deal is preventing the carmaker's estate from cashing in onDeLorean founded the original DeLorean Motor Company in the 70s, through which he designed, manufactured and sold the iconic DMC 12. The company shuttered in 1979 and subsequently declared bankruptcy.
Sally DeLorean, on behalf of her late husband's estate, in 2014 sued DMC Texas alleging it “improperly and illegally appropriated for its own use Mr. DeLorean’s legacy" by, among other things, producing replica DMC 12s. On Thursday, the U.S. Court of Appeals for the 3rd Circuit ruled against the widow, affirming Linares' ruling. It agreed that the subject matter of the Universal Agreement fell within that of the settlement and that DMC Texas's business with Universal is within its rights to use, register and enforce the trademarks.
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