Lee, Marvel Sued for $750 Million by Stan Lee Media, Inc

Stan Lee's multimedia plans from the '90s have come back to haunt him once again, as shareholders of Stan Lee Media, Inc. on Monday filed suit against Lee, his wife, Marvel Comics, Marvel Chairman Issac Perlmutter, and former head of Marvel Studios Avi Arad for over $750 million — one half the proceeds from Spider-Man, X-Men and Iron Man. The suit claims that Permutter, Lee, Arad and Marvel denied the shareholders of Stan Lee Media to their rights in the ownership of 50% of the characters and properties created by Lee, including Spider-Man, the X-Men, Iron Man and dozens of others. The shareholders claim that Lee transferred all of his interest in the characters he created for Marvel to Stan Lee Media in 1998.