A video game and toy company that used to be in business during 1970 - 1994.
They made a lot of poor quality games, mostly movie licensed once. Their games were of such poor quality that some people avoided the LJN rainbow sticker logo on plain sight.
So nowadays, the word LJN is simply associated with poor quality games and major disappointments in the gaming industry. An epic fail so to speak.
Aww man, too bad they pulled an LJN on Crysis 2.