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

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

The epic battles in Stan Lee's comics may be nothing compared to the array of legal fights he's waging - which now includes a billion-dollar lawsuit against the company he co-founded. "Inc. the exclusive use of Lee's identity, name, image and likeness".

In the suit filed today in Los Angeles Superior Court (read it here), Lee says POW CEO Shane Duffy and co-founder Gill Champion did not clue him in on terms of the company's sale to Hong Kong-based Camsing International a year ago.

According to the complaint, per Variety, Lee had the understanding that he was signing away a non-exclusive right to his name to the company.

"Defendants conspired and agreed to broker a sham deal to sell POW! to a company in China and fraudulently steal Stan Lee's identity, name, image, and likeness as part of a nefarious scheme to benefit financially at Lee's expense", the suit alleges.

"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", attorney Adam Grant wrote in the complaint, according to The Hollywood Reporter. "While the Illegitimate Document purports to contain Lee's signature, Lee never knowingly signed it".

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

The suit suggests that Duffy, Champion or POW! either forged Lee's signature, lifted it from another document or induced him to sign it by telling him it was something else. Entertainment for $1 billion dollars, on the basis that his partners, POW! The suit claims that Pow! was also given the right to use Lee's Twitter, Instagram and Facebook accounts. Charges included in the lawsuit were claims of disgusting acts by manager including draining Lee of his blood with the intent of filling up custom-made pens with.

Controversy has recently swirled around Lee, who sued a former business manager alleging fraud and has spoken out defending his daughter after others around him claimed she was trying to gain control of his assets.