Toddler files for Chapter 11

The publishing branch of the Todd McFarlane empire filed for Chapter 11 yesterday, citing the $15 million jury award in the Tony twist case as the reason.

The Twist-McFarlane libel suit has been ongoing for several years, with many reverses. In July, a jury awarded hockey player Twist $15 million, saying that by creating a character named "Tony Twist" in an issue of Spawn McFarlane had illegally profited from Twist's name.

At the time, McFarlane's lawyers planned an appeal. It is not immediately certain from the newswire accounts of the bankruptcy whether those appeals have been exhausted or not.

Thanks to The Beat for the link. Click on the headline for more.