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Official Press Release
Jun 29 18:35 pm
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All Comments by 12345 »Marvel's in for a Hulk of a Lawsuit - Barron's [View article]
NEW YORK--(BUSINESS WIRE)--Marvel Entertainment, Inc. (NYSE: MVL), reported that a claim was filed today in United States District Court for the Southern District of New York by Stan Lee Media, Inc. The claim against Marvel Entertainment alleges that nine years ago Stan Lee transferred to Stan Lee Media ownership of a number of Marvel comic book characters he co-created. Marvel believes that the claim against it is without merit and that it will prevail in this dispute.
Stan Lee Media was recently in bankruptcy and is being sued by Stan Lee. In his suit, Mr. Lee is challenging the legitimacy of the management of Stan Lee Media. Mr. Lee is a long-time employee of Marvel and its predecessor companies and currently serves as Publisher Emeritus of Marvel Comics. Mr. Lee commented that, "I do not support this action and believe the suit to be baseless."
This came out over a year ago?? Did Barrons really just find out about this now? Are they being paid by the Shorts to bring this back up? Something seems a little off