[Movies] SLMI Shareholders Sue Stan Lee and Marvel
Posted by Larry Csonka on 01.27.2009
For $750 Million…
As of January 26th, 2009, Martin Garbus, Esq has filed a shareholder derivative suit against Marvel Entertainment, Stan Lee, Marvel Chairman Isaac Perlmutter and former Marvel Studio head, Avi Arad. The suit, filed by Garvus, is a recovery lawsuit for $750 million, which represents one-half of the proceeds from such blockbuster films as Spider-Man, Iron Man and X-Men.
Garbus' lawsuit claims that Perlmutter, Arad, Marvel and Lee have denied Stan Lee Media, Inc. shareholders their legal rights in ownership of 50% of both the legendary superhero characters and intellectual properties, which were created by Stan Lee.
Stan Lee Media, Inc. went into Chapter 11 Reorganization in Bankruptcy in 2001, after the "dot-com" bust. STMI claim that Lee and Perlmutter, along with Lee's partner Arthur Lieberman and former Marvel Studios president Avi Arad, "misappropriated financial interests in Lee's creations, assigned to Stan Lee Media in 1998, and reaffirmed in 1999."
Mr. Garbus is scheduled to answer questions on the lawsuit at a press conference Tuesday.
There is no legal basis for this lawsuit. Just a bunch of idiots who are trying to fleece Marvel of some money.
Stan Lee does not own the rights to his characters. Marvel does, therefore the lawsuit is a farce.
Posted By: William (Guest) on January 27, 2009 at 06:31 AM
"but mommy I want money too"
Good luck with that, you'll need it.
Posted By: DrFever (Guest) on January 27, 2009 at 08:05 AM
Maybe thats why Marvel is being cheap toward Samuel L.and Mickey R.
Posted By: UCME (Guest) on January 27, 2009 at 08:45 AM
One critically acclaimed movie does not mean that you're worth 20 million or even 5 million..
Let Rourke show that he really is the comeback kid or whatever pet name everyone is giving him..
and as far as SLJ. If it's for small parts then he doesnt need to get a large chunk either.
Posted By: Old Man Nosh! (Registered) on January 27, 2009 at 09:03 AM
How much money does Spiderman's creator Steve Ditko get again?
Posted By: The Question (Guest) on January 27, 2009 at 09:09 AM
And as a result of this suit every single Comic Book Writer must register with the Government and undergo training.
Posted By: The Rev (Guest) on January 27, 2009 at 09:17 AM
this is just more of the typical shit, just like it was with the watchmen. So if i'm a shareholder with nintendo i have a right to the mario character? give me a break. what an ass. I hope this retard doesn't get one friggin penny and has to pay some lawyer out the ass for it
Posted By: sco sco (Guest) on January 27, 2009 at 09:52 AM
With any luck, this close Marvel down for good. Then comics will be real cheap!!
Posted By: dsff (Guest) on January 27, 2009 at 10:13 AM
These crybabies are dummies. While creators rights is very important to me. Its fact that Stan Lee does not own these characters, and while no one man is as important to the Marvel Universe as Stan Lee he is still in no way shape or form the sole reason these heroes are american mythology. These people don't even stop to think that Stan Lee co-created all these characters with Jack Kirby, Steve Ditko, and various other artists.
Posted By: Tapp (Guest) on January 27, 2009 at 12:58 PM
"There is no legal basis for this lawsuit. Just a bunch of idiots who are trying to fleece Marvel of some money.
Stan Lee does not own the rights to his characters. Marvel does, therefore the lawsuit is a farce."
the shareholders own a stake in the characters. therefore, if the plaintiffs can show that money was misappropriated, then yea, the lawsuit is valid.
Posted By: Darth Mortis (Registered) on January 27, 2009 at 01:18 PM
With any luck, this close Marvel down for good. Then comics will be real cheap!!
Posted By: dsff (Guest) on January 27, 2009 at 10:13 AM
wow this must be the dumbest comment so far... you sir have the intellectual grasp of 3rd grader
Posted By: miloytheman (Guest) on January 27, 2009 at 08:10 PM
"There is no legal basis for this lawsuit. Just a bunch of idiots who are trying to fleece Marvel of some money.
Stan Lee does not own the rights to his characters. Marvel does, therefore the lawsuit is a farce."
the shareholders own a stake in the characters. therefore, if the plaintiffs can show that money was misappropriated, then yea, the lawsuit is valid.
Posted By: William (Guest) on January 28, 2009 at 01:39 AM
VNATAGE DARTH MORTIS!
Posted By: Michael Cole (Guest) on January 28, 2009 at 11:30 AM
"How much money does Spiderman's creator Steve Ditko get again?
Posted By: The Question"
He got about $12 a page, unfortunately.
Posted By: demOcratic (Guest) on January 28, 2009 at 11:51 AM
Copyright � 2011 411mania.com, LLC. All rights reserved.
Click here for our privacy policy. Please help us serve you better, fill out our survey.
Use of this site signifies your agreement to our terms of use.
