Official Press Release
NEW YORK -- Marvel Enterprises, Inc. (NYSE:MVL) and one-time Marvel Comics creator Joe Simon have announced that they have amicably settled their legal dispute surrounding the Captain America Super Hero. The specific terms of the settlement are confidential; however, the settlement included Mr. Simon's assignment to Marvel of any and all copyrights he has in Captain America.
With the lawsuit now settled, Marvel will focus its attention on aggressively building the Captain America property across a variety of mediums. This will include feature film and television deals, licensing/merchandising, promotional programs and exciting new publishing initiatives.
"Captain America ranks as one of the most recognizable Super Heroes in the world, who can stand quite firmly alongside Marvel's biggest name - Spider-Man," stated Allen Lipson, Marvel Enterprises CEO. "Now, with the legal issue behind us, we can fully explore the deep value that this property brings to the Marvel Universe."