In Manhattan, a U.S. District Judge Colleen McMahon ruled that Marvel Worldwide (NYSE:DIS) superheroes will remain the property of the company despite claims by heirs to the artist, Jack Kirby who played a key role in creating them that they are entitled to the copyrights.The case filed in 2010 claimed that Marvel filed a federal lawsuit in January, 2010, seeking to invalidate 45 notices sent by Kirby's heirs to try to terminate Marvel's copyrights, effective on dates ranging from 2014 through 2019.The comics were in print between 1958 and 1963. Those at issue in the case included The Fantastic Four, The Incredible Hulk, The Mighty Thor, Spider-Man, Iron Man, The X-Men, The Avengers, Ant-Man, Nick Fury and The Rawhide Kid.In a statement, Walt Disney Co., (NYSE:DIS) which purchased Marvel in 2009, said: "We are pleased that in this case, the judge has confirmed Marvel's ownership."Walt Disney has a potential upside of 22.2% based on a current price of $39.12 and an average consensus analyst price target of $47.81.
