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IN RE MARVEL ENTERTAINMENT GROUP, INC.

Civ.A. Nos. 97-638-RRM, 98-756-RRM.

273 B.R. 58 (2002)

In re MARVEL ENTERTAINMENT GROUP, INC.; The Asher Candy Company; Fleer Corp.; Frank H. Fleer Corp.; Heroes World Distribution, Inc.; Malibu Comics Entertainment, Inc.; Marvel Characters, Inc.; Marvel Direct Marketing Inc.; and Skybox International, Inc., and Marvel Enterprises, Inc., Debtors. Marvel Entertainment Group, Inc.; MEI Holding Co. F; MEI Holding Co. FHF MEI Holding Co. S; Malibu Comics Entertainment Inc.; Marvel Characters, Inc.; and Marvel Enterprises, Inc., Plaintiffs, v. MAFCO Holdings, Inc.; Marvel III Holdings Inc.; Marvel (Parent) Holdings, Inc.; Marvel Holdings Inc.; Ronald O. Perelman; William C. Bevins; and Donald G. Drapkin, Defendants.

United States District Court, D. Delaware.

February 6, 2002.

Attorney(s) appearing for the Case

David B. Stratton, M. Duncan Grant, Andrea B. Unterberger, Joseph S. Naylor, Pepper Hamilton, LLP, Wilmington, DE, for plaintiffs.

Anthony W. Clark, Eric M. Davis, Paul J. Lockwood, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, DE, Robert E. Zimet, Susan L. Saltzstein, W.H. Ramsay Lewis, Skadden, Arps, Slate, Meagher & Flom, LLP, New York City, for defendants.

MEMORANDUM OPINION

McKELVIE, District Judge.

This is a dispute between a parent and subsidiary over a tax-sharing agreement involving claims for breach of fiduciary duty, breach of contract, fraudulent conveyance, and avoidable transfer under the Bankruptcy Code. Plaintiff Marvel Entertainment Group, Inc. is a Delaware corporation and is the reorganized debtor in case number 97-638-RRM, pending in this court ("the Marvel bankruptcy case"). Plaintiffs MEI...

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