Coby has been a player in the promotional products industry, bringing its consumer electronics to industry trade shows for years and forming a partnership with CafePress in 2011.
But a lawsuit contributed to a string of layoffs and downsizing. Amsterdam-based Philips sued Coby in 2010 for a reseller-agreement breach when Coby China failed to pay royalties for China-manufactured DVD players that Coby distributed in the United States. Philips, who is seeking $20 million in damages, won the suit in March. It is unclear how much the court has awarded Philips.
- Companies:
- Coby Electronics
Amanda L. Cole is the editor-in-chief of NonProfit PRO. She was formerly editor-in-chief of special projects for NonProfit PRO's sister publication, Promo Marketing. Contact her at acole@napco.com.