Stan Lee Media Inc vs. Marvel Dismissed
Heatvisionblog is reporting that the lawsuit between Stan Lee Media and Marvel has been dismissed by the judge. The lawsuit claimed that Stan Lee Media shareholders were harmed when Lee transferred rights of characters to Marvel. The suit was seeking $750 million.
The lawsuit which had been going on for a decade was dismissed by Judge Paul Crotty.
“It is now time to call a halt,” Crotty wrote in his 14-page opinion.
The Judge decided to dismiss the lawsuit since the two suing shareholders didn’t acquire their share until 1999, a year after the deal between Lee and Marvel.