Not entirely- Japan did not follow proper procedures for terminating the contract. Which is why things ended the way they did. they didnt take 4kids to court to nullify the contract, the just declared it terminated ant told them they no longer had Yugioh. 4kids on the other hand, fought back, and took them to court over it. There was also some other babble about the charges some of which were withdrawn, and others invalidated.
also, @ Sakura: Well, whatever the case may be, I just heard of it.