The new suit comes from SLMI, which has had a rocky history since being founded by Stan Lee in the late 1990s.
Initially, the company looked to be on its way towards success after Lee assigned SLMI rights to his famous comic book characters. In 2000, the company added to its stable of rights by acquiring full ownership of Conan Properties. Then, the following year, SLMI entered bankruptcy, and the company’s IP assets were diverted, leading to a decade of protracted litigation.
Last year, SLMI found its feet again after a Colorado court recognized SLMI’s new board as the duly authorized representative of the company. Since then, the company has been looking to put back the pieces.