CALIFORNIA | LOCAL
October 12, 1999
Stan Lee Media Inc., Encino, announced it has filed for SmallCap listing with Nasdaq. The company was established in January by Spiderman comics creator Stan Lee as an Internet-based production, marketing and distribution vehicle for Lee's superhero characters.
BUSINESS
February 17, 2001 | Bloomberg News
Stan Lee Media Inc., an online media company founded by comic book creator Stan Lee, said it filed for bankruptcy protection and will try to sell itself. The Encino-based company has had discussions with several potential buyers and investors since mid-December, Chief Executive Kenneth Williams said. Most said they preferred to complete any transaction "under the protection of the courts," he said.
BUSINESS
December 19, 2000 | From Associated Press
The creator of Spider-Man and the Fantastic Four found a villain even his fabled creations couldn't beat: the markets. Stan Lee Media Inc., out of time and money, laid off its 140-member staff and suspended production at its Encino headquarters as it struggles to find new financing. The company, named for the man who created The X-Men, The Avengers and other comic book heroes, had secured bridge financing of $2.2 million and an equity line of up to $40 million.
BUSINESS
January 27, 2009 | TIMES WIRE REPORTS
Marvel Entertainment Inc., maker of the movie "Iron Man," and comic book creator Stan Lee were sued by Stan Lee Media Inc. stockholders over ownership of assets including the Spider-Man and Incredible Hulk characters. Shareholders who included Jose Abadin and Nelson Thall, suing on behalf of Stan Lee Media, asked for damages of $750 million in a complaint in Manhattan federal court. They alleged they were harmed after Marvel and Lee transferred ownership of Lee's creations from Stan Lee Media to Marvel.
BUSINESS
March 10, 2005 | From a Times Staff Writer
Peter Paul, who co-founded Stan Lee Media Inc. with comic book legend Stan Lee, has pleaded guilty to bilking investors out of $25 million, federal prosecutors said. Paul, 56, pleaded guilty in federal court in Central Islip, N.Y., to leading a scheme to manipulate the share price of the defunct Encino-based company, including transactions in which Paul secretly borrowed money using the stock as collateral. He faces up to 10 years in prison.
BUSINESS
July 22, 2005 | From Bloomberg News
Peter Paul, who co-founded Stan Lee Media Inc. with Spider-Man creator Stan Lee, on Thursday settled a Securities and Exchange Commission lawsuit accusing him of manipulating the company's stock. Paul, without admitting wrongdoing, agreed to refrain from future securities law violations and not to serve as an officer or director of a public company, the SEC said in a statement.