Toymaker says it will cut jobs.
Seeks injunction preventing US toymaker from using the patented mechanisms in Mecard transformable toys.
Donated toys will be transformed into materials used to make other things.
US company is best known for its flying ring, but also makes other flying discs and throwing toys.
Swimways, based Virginia makes a pool toys including squirt guns, flotation devices and pool decor.
The 32-year old sells his realistic blades for up to $400.
Toronto toy manufacturer’s profits triple in Q2
One the oldest US makers of games, puzzles and licensed products.
The Montreal-based company makes the Mega Bloks construction sets, which compete with Lego.