On February 20, 2009, Federal District Court Judge Stephen Wilson notified the US Copyright Office to advise that he had issued an unappealed final ruling on January 20, 2009 that Stan Lee and POW Entertainment had illegally transferred assets from the bankruptcy Estate of Stan Lee Media to POW Entertainment. This notification of a federal court ruling confirmed that false copyright assignments had been made by principals of POW Entertainment without the knowledge or approval of a federal bankruptcy court.
More striking is the fact that POW Entertainment heralded the acquisition and use of the Stan Lee Media characters The Drifter and Accuser in making deals with Libery Media's Livewire division, Sprint Mobil's first cell phone animation network and STARZ Entertainment- joining these public companies in exploiting looted assets and violating Stan Lee Media's copyrights in them.
As a result of the Wilson ruling, Stan Lee Media investor and investment banker Jose Abadin has filed a new federal suit specifically against Stan Lee to enforce the most important intellectual property assignment in the History of Hollywood, giving Stan Lee Media all the rights and claims Lee owned to all his creations in the creative universe, including all rights, forever, to his name and likeness. This assignment was made by Lee to capitalize his dot com Stan Lee Media in October, 1998, for which he received shares in the company once worth more than $100 million!
Stan Lee Assigned His Name and All His Creations as of October 15, 1998 in SLM Contracts
