Archie Comics Begins Settlement Negotiations With Ken Penders

Three years ago, comic book writer Ken Penders began a series of legal actions against Archie Comics and Sega for the exploitation of characters he created for the Sonic comic, in other comics, games and cartoons which, he stated, he had never agreed to sell to the company.

Archie Comics and Sega fought back claiming hat such charges were without merit. Indeed, at one point, stated that it had gone away completely. However, other similar cases seemed to suggest that Archie’s paperwork wasn’t exactly watertight and they may have dropped the ball on this one.

According to TSSZ News, which has acted an an unofficial mourthpiece for Penders for a number of years, has just reported that

A letter filed by Collen IP partner Joshua Paul dated Friday, November 30th, claims in part that, on the previous day, the two parties came to terms after a mediation session:

[….] at a mediation session held yesterday, the parties reached agreement on the terms of settlement. The principals and counsel have signed a Term Sheet re’flecting the core terms of settlement.  As a next step, the parties must prepare and sign a settlement agreement that will implement the outline of settlement contained in the Term Sheet. We anticipate that the process may take several weeks.

This however will not affect other suits from other creators forsimilar reasons, or Penders’ actions against Sega. If anything, it might strengthen them.

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