Magic Johnson's Card trademark. Celeb Cards sues Magic Johnson!

It seems like a pre-paid credit card company in Florida is not happy with Magic Johnson who is a NBA legend. The company sued Magic Johnson for breaking deal to create Magic Cash Card with them and making partnership with its competitor, OneWest Bank.

onlymagiccard.com

According to The New York Post, the company filed a lawsuit claiming that Magic Johnson broke an agreement and made a similar deal with OneWest Bank. Celebrity Cards’ and Magic had a deal to market the cards and sold 2,000 cards in 2004. Celebrity Cards was able to reacquire ownership of his trademark, but Magic canceled it and made deal with another company. OneWest Bank released its Magic Cards without Celeb Cards’ permission.

“The actions of defendants are so shocking and appalling . . . and so out of character for Magic Johnson that it is hard to believe, but justice will prevail if not ‘by Magic. ’ ” The lawyer of Celeb Cards said, The New York Post added.

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