January 27, 2009 / 12:59 AM / 10 years ago

Lawsuit marks new round in Marvel legal battle

NEW YORK (Reuters) - Shareholders of a company bearing the name of Marvel comic book character creator Stan Lee sued Marvel Entertainment Inc, Lee and others on Monday as part of a long-running legal battle for profits.

The lawsuit filed in U.S. District Court in Manhattan on behalf of shareholders of former dot-com company Stan Lee Media Inc (SLMI) claimed that as much as $750 million was at stake.

It said that in October 1998 Lee, creator of characters such as “Spider Man,” “Ironman” and “Incredible Hulk,” transferred all his interest in Marvel characters and his interest in the name and trademark “Marvel” to SLMI.

A spokesman for Marvel declined to comment. Lee and his attorney could not immediately be reached for comment.

SLMI was placed into Chapter 11 reorganization and bankruptcy by Stan Lee in 2001 and re-emerged in November 2006.

Reporting by Grant McCool, editing by Matthew Lewis

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