So a bunch of Lee Media shareholders feel they got the short end of the stick when the characters were transferred to Marvel. This trial has been going on for a decade now and US District Judge Paul Crotty had enough of the ridiculousness.The $750 million lawsuit ... alleged that shareholders were harmed when Lee in 1998 transferred rights to the characters to Marvel, which is now owned by Walt Disney Co. Stan Lee Media filed for bankruptcy protection in 2001.
Why is this so ridiculous? Why do the shareholders not deserve a single penny? The shareholders bought their shares in 1999. The character transfer took place in 1998, and then they wait almost a decade to file this claim (Jan, 2009). It's obvious why this was dismissed because there really isn't a case to discuss. Someone, who doesn't have all the facts, feels wronged, and they want a piece of the pie because of it. I don't feel as though this has anything to do with wrong-doing on Stan Lee's part though. He seems to be trying to help out. Many people believe Stan Lee can do no wrong, and I guess I'm one of those people. What do you think about this case? Should it have been dismissed, or do the shareholders deserve a cut of that $750 million?"It is now time to call a halt," Crotty wrote in his 14-page opinion.