User blog:ARTaylor/No Spider-Man for Stan Lee Media

The Hollywood Reporter reports that the Second Circuit Court of Appeals affirmed a lower court's decision setting Stan Lee Media Inc. back from regaining intellectual property the company claims was stolen out of bankruptcy. SLMI is not finished and hopes to pursue action against Stan Lee himself. The company tried to intervene when Lee sued Marvel in 2002. Lee eventually entered a confidential settlement apparently giving Marvel the rights to Spider-Man, Fantastic Four, and X-Men. That case's judge rejected SLMI's attempts as they were in bankruptcy. When the company got their affairs in order, they appealed to the Second Circuit but were denied. The company has claims in California against Lee for allegedly conspiring the divert their assets to his other companies before winding up in Marvel's hands.