Skip to comments.Marvel Stock Falls after Barron's Warning
Posted on 07/01/2008 6:42:17 AM PDT by doug from upland
NOTE: the article needs something corrected. Jim Nesfield, who represented the investors in the takeover of SLM after the bankruptcy, is the one spearheading the effort. Peter Paul is not part of the lawsuit. Marvel and Lee can claim all they want that there is no basis for the suit. The facts, however, suggest otherwise. Lee signed an agreement with SLM in Oct. 1998 before he signed virtually the same agreement with Marvel in Nov. 1998. The claim was never asserted in the SLM BK. Lee pulled properties out of the BK for his new company POW! without court approval and contrary to the court's order.
Marvel Stock Falls after Barron's Warning
Shares of the cartoon-hero creator are falling amid concerns about a coming legal fight.
SHARES OF MARVEL ENTERTAINMENT (ticker: MVL) fell 0.7% in afternoon trading Monday after Barron's warned that a bitter legal fight may soon weigh on its shares.
In "The Rage Offstage at Marvel," Barron's Senior Writer Bill Alpert wrote that the entertainment company has seen it stock soar on the back of hits like Iron Man and The Incredible Hulk. However, Alpert warns that legal battles could call into question who reaps the profits from these blockbusters.
(Excerpt) Read more at online.barrons.com ...
Looks like someone in the media thinks there is a lot of merit to the case. Does Hillary’s dropping out of the race mean her deposition can proceed prior to the election?
0.7%? Can’t imagine that has anything to do with news.
The news is a $5 billion lawsuit against Marvel.
Nope. Kendall keeps filing motions to delay it.