Is Stan Lee Media Alive?

Back - Index - Submissions - - What is RSS? Date: May 03, 2001 Source: http://www.scifi.com Submitted By: Jess6 Will Stan Lee Media rise from the dead? Inside.com reported that Texas venture capital firm Interfase Capital announced that it will provide debtor-in-possession financing of the company as part of its Chapter 11 bankruptcy reorganization and will take a majority interest in the online animation site, founded by the Marvel Comics legend. Stan Lee Media fired most of its staff in mid-December, had trading in its stock halted days later, and filed for bankruptcy in mid-February, Inside.com reported. There are no fewer than four separate class-action suits proceeding against the company, in addition to various other suits claiming unpaid bills, a stolen series idea and the like. Interfase said it plans to "facilitate long-term business relationships between Stan Lee Media and other Interfase Capital portfolio companies." [Note: Stan Lee Media were the people behind the Backstreet Project] Comment on this item. Next Item: Bowl For The Cause! Prev Item: News from Beunos Aires