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$2 Billion Lawsuit Over Rights to Comic Book Heroes Dismissed

Started by esquirecomics,

17 posts in this topic

esquirecomics

esquirecomics

Posted
Posted

$2 Billion Lawsuit Over Rights to Comic Book Heroes Dismissed

 

Vesselin Mitev

 

New York Law Journal

 

April 05, 2010

 

A federal judge has dismissed a $2 billion lawsuit against comic-book icon Stan Lee and Marvel Entertainment Inc. alleging that a corporation he formed with a former partner owns the rights to Lee's most famous characters, including Spider-Man, Iron Man, the Hulk and X-Men.

 

In a 14-page decision last week, Southern District of New York Judge Paul A. Crotty held it was "time to call a halt" to lengthy litigation in California, Colorado and New York claiming that Lee had improperly transferred his rights in the characters to Marvel Entertainment.

 

Stan Lee Media Inc. filed for bankruptcy in the 2001 dot-com bust, but was purchased by a group of new investors.

 

In dismissing the case, Crotty ruled that the current shareholders of the venture did not own stock in the company in 1998, at the time of the alleged improper transfer, and therefore lacked standing to sue.

 

Further, he concluded that the plaintiffs had violated the applicable statute of limitations for various claims. "Plaintiffs cannot wait a decade to enforce their rights," Crotty wrote, throwing out the suit.

 

The case is Abadin v. Marvel Entertainment Inc., 09-civ-0715.

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Ares

Ares

Posted
Posted
$2 Billion Lawsuit Over Rights to Comic Book Heroes Dismissed

 

Vesselin Mitev

 

New York Law Journal

 

April 05, 2010

 

A federal judge has dismissed a $2 billion lawsuit against comic-book icon Stan Lee and Marvel Entertainment Inc. alleging that a corporation he formed with a former partner owns the rights to Lee's most famous characters, including Spider-Man, Iron Man, the Hulk and X-Men.

 

In a 14-page decision last week, Southern District of New York Judge Paul A. Crotty held it was "time to call a halt" to lengthy litigation in California, Colorado and New York claiming that Lee had improperly transferred his rights in the characters to Marvel Entertainment.

 

Stan Lee Media Inc. filed for bankruptcy in the 2001 dot-com bust, but was purchased by a group of new investors.

 

In dismissing the case, Crotty ruled that the current shareholders of the venture did not own stock in the company in 1998, at the time of the alleged improper transfer, and therefore lacked standing to sue.

 

Further, he concluded that the plaintiffs had violated the applicable statute of limitations for various claims. "Plaintiffs cannot wait a decade to enforce their rights," Crotty wrote, throwing out the suit.

 

The case is Abadin v. Marvel Entertainment Inc., 09-civ-0715.

 

:gossip: Psst Mark

http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=3911765#Post3911765

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Subliminal

Subliminal

Posted
Posted
$2 Billion Lawsuit Over Rights to Comic Book Heroes Dismissed

 

Vesselin Mitev

 

New York Law Journal

 

April 05, 2010

 

A federal judge has dismissed a $2 billion lawsuit against comic-book icon Stan Lee and Marvel Entertainment Inc. alleging that a corporation he formed with a former partner owns the rights to Lee's most famous characters, including Spider-Man, Iron Man, the Hulk and X-Men.

 

In a 14-page decision last week, Southern District of New York Judge Paul A. Crotty held it was "time to call a halt" to lengthy litigation in California, Colorado and New York claiming that Lee had improperly transferred his rights in the characters to Marvel Entertainment.

 

Stan Lee Media Inc. filed for bankruptcy in the 2001 dot-com bust, but was purchased by a group of new investors.

 

In dismissing the case, Crotty ruled that the current shareholders of the venture did not own stock in the company in 1998, at the time of the alleged improper transfer, and therefore lacked standing to sue.

 

Further, he concluded that the plaintiffs had violated the applicable statute of limitations for various claims. "Plaintiffs cannot wait a decade to enforce their rights," Crotty wrote, throwing out the suit.

 

The case is Abadin v. Marvel Entertainment Inc., 09-civ-0715.

 

:gossip: Psst Mark

http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=3911765#Post3911765

 

Clearly looks like a case of a forum member not aware that Mark is the resident LAW CRIER

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Ares

Ares

Posted
Posted
$2 Billion Lawsuit Over Rights to Comic Book Heroes Dismissed

 

Vesselin Mitev

 

New York Law Journal

 

April 05, 2010

 

A federal judge has dismissed a $2 billion lawsuit against comic-book icon Stan Lee and Marvel Entertainment Inc. alleging that a corporation he formed with a former partner owns the rights to Lee's most famous characters, including Spider-Man, Iron Man, the Hulk and X-Men.

 

In a 14-page decision last week, Southern District of New York Judge Paul A. Crotty held it was "time to call a halt" to lengthy litigation in California, Colorado and New York claiming that Lee had improperly transferred his rights in the characters to Marvel Entertainment.

 

Stan Lee Media Inc. filed for bankruptcy in the 2001 dot-com bust, but was purchased by a group of new investors.

 

In dismissing the case, Crotty ruled that the current shareholders of the venture did not own stock in the company in 1998, at the time of the alleged improper transfer, and therefore lacked standing to sue.

 

Further, he concluded that the plaintiffs had violated the applicable statute of limitations for various claims. "Plaintiffs cannot wait a decade to enforce their rights," Crotty wrote, throwing out the suit.

 

The case is Abadin v. Marvel Entertainment Inc., 09-civ-0715.

 

:gossip: Psst Mark

http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=3911765#Post3911765

 

Clearly looks like a case of a forum member not aware that Mark is the resident LAW CRIER

Then he needs a custom title that says so

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FFB

FFB

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Posted

One of our fellow board member lawyers (no, not Foolkiller, esquire, or me) was on Stan Lee's defense team. I'll let him identify himself if he wants. Congratulations all around for getting this lame-azz suit dismissed! :banana:

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bluechip

bluechip

Posted
Posted
$2 Billion Lawsuit Over Rights to Comic Book Heroes Dismissed

 

Vesselin Mitev

 

New York Law Journal

 

April 05, 2010

 

A federal judge has dismissed a $2 billion lawsuit against comic-book icon Stan Lee and Marvel Entertainment Inc. alleging that a corporation he formed with a former partner owns the rights to Lee's most famous characters, including Spider-Man, Iron Man, the Hulk and X-Men.

 

In a 14-page decision last week, Southern District of New York Judge Paul A. Crotty held it was "time to call a halt" to lengthy litigation in California, Colorado and New York claiming that Lee had improperly transferred his rights in the characters to Marvel Entertainment.

 

Stan Lee Media Inc. filed for bankruptcy in the 2001 dot-com bust, but was purchased by a group of new investors.

 

In dismissing the case, Crotty ruled that the current shareholders of the venture did not own stock in the company in 1998, at the time of the alleged improper transfer, and therefore lacked standing to sue.

 

Further, he concluded that the plaintiffs had violated the applicable statute of limitations for various claims. "Plaintiffs cannot wait a decade to enforce their rights," Crotty wrote, throwing out the suit.

 

The case is Abadin v. Marvel Entertainment Inc., 09-civ-0715.

 

Suit never really had a chance, but Peter Paul and his merry gang of pond scum were hoping for a buyout. But as anybody knows, Disney don't do that even when you got a case, so they sure as hell ain't gonna, when you dont.

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esquirecomics

esquirecomics

Posted
  • Author
Posted
$2 Billion Lawsuit Over Rights to Comic Book Heroes Dismissed

 

Vesselin Mitev

 

New York Law Journal

 

April 05, 2010

 

A federal judge has dismissed a $2 billion lawsuit against comic-book icon Stan Lee and Marvel Entertainment Inc. alleging that a corporation he formed with a former partner owns the rights to Lee's most famous characters, including Spider-Man, Iron Man, the Hulk and X-Men.

 

In a 14-page decision last week, Southern District of New York Judge Paul A. Crotty held it was "time to call a halt" to lengthy litigation in California, Colorado and New York claiming that Lee had improperly transferred his rights in the characters to Marvel Entertainment.

 

Stan Lee Media Inc. filed for bankruptcy in the 2001 dot-com bust, but was purchased by a group of new investors.

 

In dismissing the case, Crotty ruled that the current shareholders of the venture did not own stock in the company in 1998, at the time of the alleged improper transfer, and therefore lacked standing to sue.

 

Further, he concluded that the plaintiffs had violated the applicable statute of limitations for various claims. "Plaintiffs cannot wait a decade to enforce their rights," Crotty wrote, throwing out the suit.

 

The case is Abadin v. Marvel Entertainment Inc., 09-civ-0715.

 

:gossip: Psst Mark

http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=3911765#Post3911765

 

Clearly looks like a case of a forum member not aware that Mark is the resident LAW CRIER

Then he needs a custom title that says so

 

Nah, I'm willing to share with my other colleagues. lol

 

But, gosh darn-it, I actually looked too to see if there was a thread already! :makepoint::sumo::pullhair::slapfight::fear:

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esquirecomics

esquirecomics

Posted
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Posted
One of our fellow board member lawyers (no, not Foolkiller, esquire, or me) was on Stan Lee's defense team. I'll let him identify himself if he wants. Congratulations all around for getting this lame-azz suit dismissed! :banana:

 

Interesting! I didn't know that. Must have been a fascinating experience. (thumbs u

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mrwoogieman

mrwoogieman

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One of our fellow board member lawyers (no, not Foolkiller, esquire, or me) was on Stan Lee's defense team. I'll let him identify himself if he wants. Congratulations all around for getting this lame-azz suit dismissed! :banana:

 

:acclaim:

 

They still have time to appeal of course, so we're not totally out of the woods on this yet, but kudos to Judge Crotty for his good judgment on this one.

 

:applause:

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fantastic_four

fantastic_four

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Is this lawsuit as frivolous as it looks? Can't see how that company could claim the rights to characters created long before the company was in existence. Did Stan explicitly put his rights up as collateral in a contract or something?

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Ares

Ares

Posted
Posted
$2 Billion Lawsuit Over Rights to Comic Book Heroes Dismissed

 

Vesselin Mitev

 

New York Law Journal

 

April 05, 2010

 

A federal judge has dismissed a $2 billion lawsuit against comic-book icon Stan Lee and Marvel Entertainment Inc. alleging that a corporation he formed with a former partner owns the rights to Lee's most famous characters, including Spider-Man, Iron Man, the Hulk and X-Men.

 

In a 14-page decision last week, Southern District of New York Judge Paul A. Crotty held it was "time to call a halt" to lengthy litigation in California, Colorado and New York claiming that Lee had improperly transferred his rights in the characters to Marvel Entertainment.

 

Stan Lee Media Inc. filed for bankruptcy in the 2001 dot-com bust, but was purchased by a group of new investors.

 

In dismissing the case, Crotty ruled that the current shareholders of the venture did not own stock in the company in 1998, at the time of the alleged improper transfer, and therefore lacked standing to sue.

 

Further, he concluded that the plaintiffs had violated the applicable statute of limitations for various claims. "Plaintiffs cannot wait a decade to enforce their rights," Crotty wrote, throwing out the suit.

 

The case is Abadin v. Marvel Entertainment Inc., 09-civ-0715.

 

:gossip: Psst Mark

http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=3911765#Post3911765

 

Clearly looks like a case of a forum member not aware that Mark is the resident LAW CRIER

Then he needs a custom title that says so

 

Nah, I'm willing to share with my other colleagues. lol

 

But, gosh darn-it, I actually looked too to see if there was a thread already! :makepoint::sumo::pullhair::slapfight::fear:

 

Your forgiven

But if i'm ever in DC and I get in trouble I'm calling you

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