Marvel Looks To Settle Suits Over Disney Deal

Law360, New York (May 20, 2010, 4:47 PM EDT) -- Marvel Entertainment Inc. has proposed a settlement of shareholder litigation in New York and Delaware stemming from The Walt Disney Co.’s $4 billion acquisition of Marvel.

Marvel issued a notice Wednesday that the company, its directors and Walt Disney had reached a proposed deal with plaintiffs to resolve a consolidated action in the New York Supreme Court and a related consolidated suit in the Delaware Chancery Court.

Although the plaintiffs intend to ask for an award of no more than $800,000 in attorneys’ fees and expenses,...
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