First Amendment Icon, Super Lawyer Martin Garbus, presented a global webcast press conference on January 27, 2009 from the offices of Burson Marsteller to announce his representation of shareholders of Stan Lee Media Inc in a new $ 1 billion plus suit for 50% of the profits of Spider Man and other Stan Lee creations for Marvel.
Martin Garbus, named one of the top five lawyers in the US and the world by Time, Fortune, The London Observer, filed a billion dollar civil suit in Manhattan Federal Court on January 27, 2009, on behalf of SLMI shareholders against Marvel Entertainment, Marvel Chairman Emeritus and former Stan Lee Media Chairman Stan Lee and current Marvel Chairman Izaak Perlmutter for damages and future profits from Spider Man, X-Men, Ironman, among others.
The latest law suit follows a suit filed by King and Spalding IP lawyer Ethan Horowitz in Manhattan Federal Court in 2007 on behalf of Stan Lee Media Inc against Marvel Entertainment exclusively.
Stan Lee has used his 28% share holdings in Stan Lee Media to block the Colorado incorporated company's shareholders from electing a new Board of Directors to pursue its claims against him ever since SLM's Debtor in Possession Chapter 11 proceedings were dismissed for cause in December, 2006.
On January 20, 2009 a Federal Judge in Los Angeles ruled that Stan Lee and his new public company, POW Entertainment, transferred assets through the US Copyright Office illegally from Stan Lee Media to his new company after Lee placed Stan Lee Media into Chapter 11 Bankruptcy protection.
CBS Sunday Morning, February 2000 Debuted Stan Lee Media Studio
