FanX Is Worried It Could Face Bankruptcy If Forced to Pay Judgement

In August, the producers of the Salt Lake FanX convention received a judgement to pay $4 million in their lawsuit with San Diego Comic Con over their use of the term “Comic Con”.

Dan Farr Productions is now worried that the company could be bankrupted if they are forced to pay the judgment. The company has filed an emergency motion with the 9th U.S. Circuit Court of Appeals in California asking for a stay of the federal judge’s ruling.

“And if SDCC enforces the judgment, DFP’s destruction will cost Salt Lake City’s economy millions of dollars. But a stay likely wouldn’t harm SDCC: its likelihood of collecting the judgment increases if DFP is not driven into bankruptcy, and DFP has already changed the name of its future conventions,” Dan Farr Productions attorney L. Rex Sears wrote.

Full story:

https://fox13now.com/2018/10/10/fanx-fears-bankruptcy-harm-to-utahs-economy-if-it-is-forced-to-pay-in-comic-con-verdict/

 

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