07/05/2005. Contributed by Jessica Martin
Marvel Comics has announced that it has settled all pending litigation with Stan Lee.
The settlement agreement covers the lawsuit filed by Stan in November 2002 in which Stan the Man claimed entitlement, under an agreement with Marvel, to a participation in Marvel's profits from various sources, including the Spider-Man movies and other film and television productions that utilise Marvel characters.
The settlement Stanīs participation claim for both past and any potential future payments. Specific terms of the settlement agreement were not disclosed by Marvel.
John Turitzin, Marvel's General Counsel, said, "Stan is one of the founders of today's comic book industry. We are pleased with the settlement and are happy to have resolved all of our disputes with him."
Hey Stan, can you bung SFcrowsnest some folding green stuff to help cover our bandwidth bill ...
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