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Message from discussion Stan Lee, Marvel Sued by Stan Lee Media for $750M
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edonline  
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 More options Jan 27 2009, 8:08 pm
Newsgroups: alt.gossip.celebrities
From: edonline <eronlineSPAM...@verizon.net>
Date: Tue, 27 Jan 2009 19:08:10 -0500
Local: Tues, Jan 27 2009 8:08 pm
Subject: Stan Lee, Marvel Sued by Stan Lee Media for $750M
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http://www.zap2it.com/celebrities/news/zap-stanleemediasuperheroprofi...

Stan Lee, Marvel Sued by Stan Lee Media for $750M
Company claimed it's owed profits from films such as 'Iron Man' and
'X-Men'
Zap2It.com

January 27 2009

The Marvel superhero business is big, and investors are wanting their
cut.

Shareholders at Stan Lee Media Inc. filed a lawsuit in Manhattan
federal court Monday (Jan. 26) against Stan Lee, his partner Arthur
Lieberman, his wife Joan Clayton, Marvel Entertainment, Inc. and
producer Avi Arad, according to news reports.

Four unnamed SLMI shareholders claim that they're owed more than $750
millions from blockbusters starring Marvel superheroes including "Iron
Man," "Spider-Man" and "X-Men" since Lee allegedly gave them 50
percent ownership rights to his superhero characters in 1998 when they
agreed to pay him a $250,000 annual salary as well as $100 million in
company stock. The company had filed for bankruptcy in 2001 but
reemerged in 2006 and wants its interests acknowledged.

The shareholders alleged that Lee has now cut a deal with Marvel that
prevents them from profiting off the superheroes.

Lee has denied the allegations and countersued SLMI for $50 million,
claiming they seized control of his name and image and are preventing
him from devloping certain properties as part of his first-look deals
with Disney and Virgin Comics.


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