Stan Lee Sues Former Company POW! Entertainment For $1 Billion

STAN LEE Files $1B Lawsuit Against POW! ENTERTAINMENT - Report

The suit alleges that Pow! took advantage of his condition to get him to sign away an exclusive right to use his name to the Chinese company, reports variety.com.

Stan Lee has come out swinging against his former company POW!

95-year-old Lee says they "forged or fraudulently obtained" his signature, in an attempt to steal his name, image, likeness and identity. The suit notes that Olivarez is "a person Lee once trusted but who is being sued by Lee now for fraud".

POW! was acquired in 2017 by Hong Kong-based Camsing International, and Lee says POW!

The suit draws attention to the death of Lee's wife last July, and his degenerative eye condition which has caused his poor eyesight, suggesting he could not have read the documents. According to the suit, while Lee's "beloved wife was on her deathbed, and Lee was in a state of total devastation", Champion and Duffy brokered a deal to sell POW! to Camsing, and "never disclosed the actual terms of the deal to Lee before closing it".

The site goes on to state how Lee wouldn't give Disney the rights to use his name when the studio bought Marvel's movie rights for $4 billion in 2009, which could be used as an example to why Lee wouldn't forfeit his name in this case.

Lee's attorney Adam Grant writes in the filing (via THR): "Lee does not recall anyone reading the Illegitimate Document to him, and, due to his advanced macular degeneration, he could not have read it himself". The suit states that Lee can not recall anyone reading to him the terms of the agreement and that he did not knowingly sign the document.

"In addition, POW! took control of Lee's personal social media accounts, including Facebook, Instagram and Twitter, thereby impersonating Lee before a combined 15 million followers worldwide", the complaint reads.

It added that Lee has a history of agreeing to non-exclusive licences for the use of his name, image and likeness.

The purported suit seeks to rescind POW!'s agreement with Lee entirely on those grounds, as well as seeking "damages in excess of one billion dollars".

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