Marvel and friends getting sued for $750 million

Liam — Tue, 27 Jan 2009 12:27:51 +0000

Could this be the reason Marvel gave Mickey Rourke a low offer for Iron Man 2?

According to ComingSoon.net Stan Lee, his partner Arthur Lieberman, Marvel Entertainment Inc. and its chairman Isaac Perlmutter, and former Marvel Studios president Avi Arad are all getting suit for $750 million.

Shareholders of an ill-fated Stan Lee venture are seeking more than $750 million in profits from films and other works based on Marvel comic characters such as “Spider-Man,”"X-Men” and “Iron Man.”
The lawsuit claims profits from Lee’s comic creations belong to the company, which emerged from bankruptcy in 2006. The suit claims Lee, Marvel and others have violated Stan Lee Media’s copyright interests and that the firm is due profits from all properties, including blockbuster films that were made after 1998 and based on Lee’s creations.
The lawsuit’s allegations were immediately rebuffed, with Marvel issuing a statement that said the lawsuit is filled with “ridiculous claims.”
[Lawyer Martin Garbus] suspects that Lee, who once sued Marvel over profits from his creations, entered into an agreement that deprived Stan Lee Media of the windfall from blockbuster movies such as the “Spider-Man” and “X-Men” trilogies.

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Marvel and friends getting sued for $750 million