Marvel has resolved a longtime dispute with the family of Jack Kirby who created some of the studio's most famous characters like Thor, Captain America, Hulk, Spider-Man and X-Men.
The studio reached an undisclosed settlement with the estate of the late artist before the latter was set to settle it before Supreme Court, reported Ace Showbiz.
"Marvel and the family of Jack Kirby have amicably resolved their legal disputes and are looking forward to advancing their shared goal of honouring Mr Kirby's significant role in Marvel's history," read a joint statement by both parties.
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They were seeking to reclaim the rights of the superhero characters the comic book legend created, based on a provision of copyright law that, under certain conditions, allows authors or their heirs to regain ownership of a product after a given number of years.
In July 2011, a US District Judge Colleen McMahon ruled in favour of Marvel, agreeing with the studio that Kirby's arts were "works for hire" under the Copyright Act of 1909.
The family also lost their case in an August 2013 ruling by the 2nd US Circuit Court of Appeals in New York.