Florida based Figures Toy Company filed a lawsuit against WWE in Connecticut federal court on Wednesday. They allege that WWE tried to back out of their agreement and purchase products directly from their Chinese manufacturer instead.
WWE has worked with Figures Toy Company for the past 12 years as they've manufactured licensed championship belts for them. As part of the suit, Figures Toy is seeking a ruling that their agreement with WWE is still valid and they have not infringed on WWE's intellectual property rights by continuing to sell belts.
LAW 360 has more at this link.