More than seven years after declaring bankruptcy (see "Todd McFarlane Productions Files Chapter 11") Todd McFarlane Productions has formerly exited Chapter 11 protections with a $1.1 million payment to settle a decade-long legal skirmish with Neil Gaiman over the rights to Medieval Spawn and ancillary characters (see "“Gaiman Gets $400,000"). 

 

Actually it wasn’t the Gaiman lawsuit, but one seeking $15 million in damages brought by former NHL "enforcer" Tony Twist, which was settled in 2007 (see "Twist Case Settled") that forced Todd MacFarlane Productions to seek the protection of Chapter 11 in December of 2004.

 

Daniel Best writing on his 20th Century Danny Boy  broke the news of TMP's bankruptcy exit, which involved payments in the current quarter of $1.1 million to Gaiman (which includes money that will go to Gaiman’s lawyers) and $975 in expenses.  The "Twist" lawsuit, which was occasioned by McFarlane's "use" of the player’s name for Antonio "Tony Twist" Twistelli, a mobster in the Spawn comics, was settled for $5 million back in 2007.