Lee says the channel wants to use his name to boost ratings

Lee had obtained an injunction against media conglomerate Viacom, which also owns MTV and CBS, from renaming its TNN network Spike TV.

New York Supreme Court Justice Walter Tolub lifted the order on Monday, and a joint statement is expected on Tuesday.

TNN executives are planning to relaunch the network as the "first television network for men".

TNN's website was counting down to the new name before the injunction

It features re-runs of The A-Team, Baywatch and Miami Vice, and Stripperella, a cartoon by Marvel Comics' Stan Lee voiced by and based on Pamela Anderson.

Lee said he objected to being associated with low-brow programming, but TNN said it chose the word "spike" to convey an image that was both male and irreverent.

"We have settled the case with Viacom," Lee's lawyer Terry Gross said.

"It's obviously good when parties settle."

The judge initially ordered Lee to post a $500,000 (�304,000) bond after he issued a temporary injunction against Viacom. Two weeks ago he increased the sum to $2.5m (�1.5m), but the remaining money was never paid.