Toy manufacturer Mattel, Inc. and venture capital firm Gores Technology Group retained us to defend an action in the Federal District Court for the Central District of California, in which Beamscope sought approximately $3 million under breach of contract, unjust enrichment, and other theories arising from a credit balance running in its favor. Beamscope had sought protection from its creditors under Canadian law and this credit balance was a significant asset for the receiver. After a week-long trial, the court ruled in Mattel’s favor, accepting our argument that the credit balance was not convertible to cash and that Beamscope made no commercially reasonable demand for performance that could have precipitated a breach by the defendants. The court also dismissed the claims against Gores Technology Group as having no basis in law. Beamscope Canada, Inc. v. Mattel, Inc., No. 02-8066-CJC (C.D. Cal. Feb. 27, 2004). Mattel settled the case favorably prior to appeal.