MCA Inc., a unit of Matsushita Electric Industrial Co., and Hu-Yu Inc. said they have settled the lawsuit Hu-Yu filed last September against MCA and some of its related companies regarding the name of MCA’s new mixed-use real estate development, Universal CityWalk.

Settlement terms were undisclosed. As reported Oct. 22, a U.S. district judge ordered MCA Inc. to stop referring to its $ 100 million retail and entertainment complex as simply CityWalk because a nearby Chinese restaurant bears the name City Wok.

In a press release, the company said the settlement permits MCA to refer to its project as either Universal CityWalk or CityWalk, but MCA has agreed not to name a restaurant CityWalk.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0