Disney acquired the Fox Family cable station from NewsCorp
Lawsuits are a way of life on Wall Street; I recently wrote about one involving McDonald's
I don't see this as a major event for Disney, as I'm sure a comfortable settlement will be reached -- it wouldn't be in the media conglomerate's interest to prolong this legal affair. Marvel shareholders would be the bigger beneficiaries in this case, but still, I wouldn't purchase stock on such a speculative thesis. There actually are better theses out there to support an investment in this entertainment brand. For one thing, W.D. Crotty laid out a marvelous report on the company's earnings and financial situation back in May; plus, Seth Jayson wrote about the company's recent buyback plans.
Marvel is a stock I wish I owned. All you Foolish long-termers out there must be having a ball adding to your positions with the opportunities being handed your way by the market volatility. Short-term noise on the chart of a quality holding is essentially tantamount to riches down the road (nothing is guaranteed, however; remember that!).
Fool contributor Steven Mallas owns shares of Disney.