Stan Lee Ridiculed From the Sidelines

Rarely does a plaintiff issue a press release that comments on a defendant's lack of success in a case to which they are not a party. This is exactly what happened on January 27, 2009 when a press release noting an unfavorable ruling in a lawsuit involving Marvel Comics founder Stan Lee hit the wires. The ruling in question, which was actually filed on January 20, 2009, is from the case of QED Production, LLC v. Nesfield, et al. The order can be accessed at the link provided at the bottom of this post. The press release, however, was not sent out by anyone involved in that case; it was sent out on behalf of plaintiffs in an entirely different case that was filed this week. This is revealed in the following excerpt:

Stan Lee, Arthur Lieberman and Marvel enterprises are being sued for looting the Estate of Stan Lee Media, Inc. in Chapter 11 Bankruptcy protection from 2001-2006. Martin Garbus, Esq., on behalf of shareholders of SLMI filed a Shareholder Derivative action on January 26, 2009 in Manhattan federal court claiming 50% percent ownership in such mega-popular Super Hero entertainment franchises as Spider Man, Iron Man and the X-Men.

An upcoming post will dig deeper into the case of QED Production, LLC v. Nesfield. Readers can expect posts about this new shareholder derivative suit as well.

1. QED v. Nesfield Order Denying Plaintiff's Motion for Partial Summary Judgment As to Standing