[newzjunkey]

If I understand the video, Disney may find Marvel doesn't own what it thought it owned. That's hard to imagine considering the due diligence involved in such an acquisition and Disney's presumed competence.

A fascinating and ugly story.

[doug from upland]

Disney may indeed find out that they don’t own what they thought they owned. That is my ideal result.

The Los Angeles federal court has ruled that Stan’s company POW! Entertainment had no right to exploit characters that they took during the Stan Lee Media bankruptcy. Those characters did not belong to POW! During the BK, Stan got court approval to transfer characters to a new company, SLC LLC, for the benefit of investors and creditors. He never formed that company. Instead, he secretly transferred the assets to his new company, POW!

[doug from upland]

http://stanleemediainc.com/wp-content/uploads/files/114-2010-12-14.pdf

A year after the execution of the agreement with SLMI, Stan ratified the agreement, such ratification being posted with the SEC. As the head of the company, he told potential investors that the contract with SLMI was still in effect. Quite amazing, huh? Who was giving Stan legal advice?