Tuesday, January 27, 2009

Martin Garbus, Esq. filed a shareholder derivative suit Monday against Marvel Entertainment and its Chief Executive Officer Isaac Perlmutter, as well as Stan Lee, the creator of Marvel superhero characters, and Lee’s wife and former Marvel Studios head, Avi Arad. The suit is for more than US$750 million (£528M) — about half of the estimated proceeds from Marvel’s movies.

Plaintiff Stan Lee Media (SLM) has four shareholders who live in Florida, California and Canada, and include Jose Abadin and Nelson Thall. The company is suing for recovery of civil damages representing one-half of film and book earnings from such blockbuster films as Spider-Man, Iron Man, X-Men, Hulk, and Fantastic Four franchises.

Defendants are accused of copyright violations over both the Marvel superhero characters and intellectual properties created by Stan Lee. Spider-Man’s three cinematic outings, starring Tobey Maguire, earned more than $1bn (£702m). “Most of Marvel’s financial success, including from the films, comes out of assets created by Stan Lee that are the subject of this suit,” the complaint states.

Lee, 86, has denied the allegations and has previously filed his own $50 million counter lawsuit against SLM, claiming the company has destroyed his name and reputation and prevented his effort to develop such properties as “The Accuser” and “The Drifter” and others via his first-look deals with Disney and Virgin Comics. Lee also co-created Daredevil, Doctor Strange and Thor.

Former dot-com company STM further alleges that it has agreed to pay Lee a $250,000 annual salary plus $100 million in company stock in exchange for the rights to the superhero characters. “That money should have gone to the corporation,” said Garbus. Lee’s counsel, Mark Williams, replied: “We look forward to a positive resolution for Stan Lee and his family.” Marvel has said the court pleadings, which were filed in U.S. District Court in Manhattan, are filled with “ridiculous claims”.

SLM ran out of operating capital during the dot-com meltdown in December 2000, closing operations entirely by December 19 of that year. The company was placed into Chapter 11 Reorganization in Bankruptcy by Stan Lee in 2001. During the insolvency proceedings, Lee assigned the major character franchises he had created to his new public company, POW! Entertainment, without the bankruptcy court’s approval.

Two multi-billion dollar lawsuits for damages were filed against Lee, his new company, his new partner Arthur Lieberman and Marvel Entertainment for cybersquatting and failure to disclose the existence and value of the Rights Assignment Lee made to the company when he founded it.

The company remained under bankruptcy protection until the US Trustee for the Central District of California moved to dismiss the bankruptcy proceedings for failure of the company as debtor in possession to comply with basic requirements of filing monthly reports and paying quarterly fees to the Trustee. SLM was taken back by the shareholders after its dismissal from bankruptcy and hired a legal and accounting forensic consultant to review all transactions that occurred during bankruptcy.

By November 2006, all of the officers and directors of the company had resigned or abandoned their positions and the company’s lawyers for the debtors in possession attempted to obtain court authorization to destroy or dispose of the company’s books and records. This initiated a long-running legal battle between shareholders and the company’s founder, Lee.

The plaintiffs in this most recent suit contend that Lee, Perlmutter, Arthur Lieberman and Avi Arad conspired in bad faith to conceal and misappropriate financial interests in Lee’s creations assigned to Stan Lee Media in 1998. SLM’s meltdown involved its former President Peter F. Paul fleeing to Brazil, contributions made to Bill and Hillary Clinton, Paul’s extradition and more. In 2007, SLM filed a $5 billion lawsuit in which it claimed co-ownership of all of Stan Lee’s creations for Marvel.

Sunday, November 22, 2009

In two separate incidents police in Northern Ireland have come under attack. Both are believed by authorities to stem from organisations linked to the Irish Republican Army. The two incidents, one an attempted car bombing in Belfast, and the other a shooting in Garrison, County Fermanagh, led to four arrests by Northern Irish Police.

A police convoy in the village of Garrison came under ambush overnight. Three gunmen began shooting in the first time officers have been in a firefight in Northern Ireland since a July riot in Belfast. Police returned fire and four people were arrested.

A separate incident saw a car bomb set off outside the Northern Ireland Policing Board’s headquarters. The car was driven through the Belfast building’s security barriers and its 180 kilogram bomb was set off, but failed to detonate properly. Instead it partially exploded and the vehicle caught fire. Neither attack injured anyone.

The Republican dissidents seek a united Ireland and have battled to convince Britain to relinquish the Northern territory. After thirty years of warfare and attacks from both sides a 1998 peace deal largely ended the bloodshed. This year, however, violence has been on the increase again starting with the murder of a police officer and two soldiers in two separate March attacks. Since then attacks have been on the rise.

Three days ago the military was called in to defuse another bomb targeting police. “It appears that the dissidents are broadening the scale of their attacks,” said a statement by the Police Board’s Alex Attwood. The board is an independent civilian watchdog charged with overseeing the police.

Thursday, March 15, 2007

The Canada Revenue Agency (CRA) announced today that computer systems involved with the processing of tax returns for individuals are back online.

Tax processing had been halted on March 6, 2007, due to a computer glitch. The source of the problem had been traced back to software maintenance performed on March 4.

In an update on the CRA website, dated March 14, Michel Dorais, Commissioner of the Agency, stated that all of the databases had been restored and CRA employees are processing the backlog of returns and payments.

Tax processing for businesses had not been affected by the computer shutdown.

In his statement, Dorais thanked taxpayers “for their patience and understanding” during the service outage. He also stated that “the integrity and safety of personal data was never at risk”.

The CRA suggests that it would work quickly to process the resulting backlog of tax returns.

Wednesday, December 31, 2008

What would you tell your grandchildren about 2008 if they asked you about it in, let’s say, 20 years’ time? If the answer to a quiz question was 2008, what would the question be? The year that markets collapsed, or perhaps the year that Obama became US president? Or the year Heath Ledger died?

Let’s take a look at some of the important stories of 2008. Links to the original Wikinews articles are in all the titles.

Tuesday, July 12, 2005

Dramatic developments today have revealed new information about last Thursday’s bomb attacks on London. One person has been arrested after a series of raids in Leeds.

The four men alleged to be responsible for the bombings travelled by train from Leeds to King’s Cross on Thursday morning, where they were seen on CCTV at 8.30am. Three of them, likely British citizens of Pakistani origin, came from Leeds while another joined them en route. One of the three from Yorkshire was reported missing by his family at 10pm that evening.

Three of them then boarded underground trains. The fourth alleged bomber – the man reported missing from Leeds – died onboard the bus, but there are no clear reasons for why he did not follow the same pattern as the others. It has been confirmed that at least three of the four bombers died in the blasts. Forensic evidence and items belonging to all of the men were found in the debris of the target vehicles.

Police also found a car at Luton train station, which is on the route from Leeds to King’s Cross. A series of controlled explosions was carried out on the car. It is understood that one of the bombers drove equipment in the car to Luton, while the others travelled by train.

Materials used to make explosives were also found at one of the houses in Leeds.

A second car was found on the property of a recovery company in Leighton Buzzard; it had been ‘routinely recovered’ from Luton train station on the evening of Tuesday, July 12. Bedfordshire Police, working in conjunction with the Metropolitan Police and the British Transport Police, sealed off the area within a 50 metre radius of the vehicle. The area was re-opened at 9.30pm BST, although a police presence remained until the next day. It has not yet been revealed why the car was towed away or what was contained inside it.

Saturday, January 20, 2018

On Thursday, the Ukrainian Parliament passed a new bill called the “Donbass reintegration law”. It describes the regions — oblasts — of Donetsk and Luhansk as being “temporarily occupied” by Russia and declares Russia to be the “aggressor”.

The bill calls for a return of the regions to Ukrainian control by military force if necessary. There is no mention of the February 2015 Minsk agreement which was signed by the Ukrainian government and rebel groups, and brokered by France and Germany.

Ukrainian President Petro Poroshenko stated on Twitter, “We will continue to pave the way for reintegration of the occupied Ukrainian lands through political and diplomatic steps.” ^{((ukr))Ukrainian language: ??? ???????????????? ?????????? ???? ??? ???????????? ?????????? ??????????? ?????? ????????-????????????? ??????.} Former Prime Minister Arseniy Yatsenyuk said this forms a legal basis for a United Nations peacekeeping force to “remove the Russian army from Ukrainian territory”. Legislator Ivan Vinnyk commented on why the Minsk agreement was not mentioned in the bill: “We can’t embed diplomatic and political agreements that are prone to change into the Ukrainian legislation”.

Russia’s foreign ministry quickly denounced the law and claimed it was proof Ukraine is preparing for a new war. Furthermore, the law “risked a dangerous escalation in Ukraine with unpredictable consequences for world peace and security”, the official statement said.

“Kiev has gone from sabotaging the Minsk agreements to burying them,” said Konstantin Kosachev, chair of the Foreign Affairs Committee for the Federation Council in Russia. Alexander Zakharchenko, leader of one of the rebel groups in eastern Ukraine, also expressed sharp criticism. Zakharchenko said it was a violation of the Minsk agreement and could lead to an escalation of the armed conflict.

Fighting in eastern Ukraine began shortly after Russia annexed Crimea in 2014 and has by reports claimed over 10,000 lives. About 1.7 million people, Al Jazeera reports, have been displaced from their homes due to the fighting.

Thursday, July 3, 2014

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.

Monday, April 7, 2008

Wikinews has learned that the Church of Scientology warned the documents-leaking site Wikileaks.org that they are in violation of United States copyright laws after they published several documents related to the Church. Wikileaks has no intention of complying, and states that in response, it intends to publish a thousand pages of additional Scientology materials beginning Monday.

In the letter to Wikileaks, lawyers for the Church’s Religious Technology Center (RTC), which oversees the use of the their logos, writings and religious content, states that the site “placed RTC’s Advanced Technology works on Wikileaks.org’s website without the authorization” of the Church.

“I have a good faith belief, and in fact know for certain, that posting copies of these works through your system was not authorized by my client, any agent of my client, or the law. Please be advised that your customer’s action in this regard violates United States copyright law. Accordingly, we ask for your help in removing these works immediately from your service,” states the letter from Ava Paquette of Moxon & Kobrin, which was published by Wikileaks.

On March 9, 2008, Wikileaks published several documents relating to the Church’s Office of Special Affairs and personal notes gathered by Frank Oliver, a former Scientologist and former member of the Church’s Special Affairs office. On March 26, 2008, Wikileaks published the entire set of the Churches ‘Operating Thetan Level’ documents which included handwritten notes by Scientology’s founder, L. Ron Hubbard.

Although the letter does not mention specific legal threats, the letter asks that Wikileaks “preserve any and all documents pertaining to this matter and this customer, including, but not limited to, logs, data entry sheets, applications — electronic or otherwise, registration forms, billings statements or invoices, computer print-outs, disks, hard drives, etc.”

Despite the letter, Wikileaks states it will not comply with the “abusive request” by the Church.

“Wikileaks will not comply with legally abusive requests from Scientology any more than Wikileaks has complied with similar demands from Swiss banks, Russian off-shore stem cell centers, former African Kleptocrats, or the Pentagon. Wikileaks will remain a place where people of the world may safely expose injustice and corruption,” stated Wikileaks in a release on its website.

Wikileaks further states that, “in response to the attempted suppression, Wikileaks will release several thousand additional pages of Scientology material next week.”