Stan Lee Sues His Former Company Pow! Entertainment For $1B

Wendy Jensen
May 17, 2018

Entertainment for fraud and conversion, claiming the company and two of its officers conspired to steal his identity, name and likeness in a "nefarious scheme" involving a "sham" sale to a Chinese company.

When Lee sold his company a year ago to Camsing International Holding in China, he said he was suffering from macular degeneration, which weakens eyesight. The suit calls the POW! duo "opportunists" who took advantage of the writer's eye problems and his "despondent state of mind" following the death of his wife Joan a year ago (18).

In Stan Lee's complaint filed in L.A. County Superior Court, it was indicated that Lee was asked by his business associates to sign a non-exclusive license with POW! Instead, what he purportedly signed was a "fraudulent" intellectual property assignment agreement that granted POW!

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The complaint, filed in Los Angeles County Superior Court and published by several United States entertainment media outlets, alleges that POW!

Lee's attorney said he does not recall anyone reading the Illegitimate Document to him, and, due to his advanced macular degeneration, he could not have read it himself. Apparently POW! had to get a sign-off from Lee to use his name, and he claims he never signed any contract.

"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", according to the lawsuit.

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Lee, who is 95, is the creator of hundreds of superheroes such as Spider-Man, The Hulk, Thor and Black Panther.

Lee has denied those claims too. The Marvel Comics icon later called on his fans to "protect and defend" him in a message where he also expressed how grateful he is to have gained back control of his Twitter account.

Thank you twitter. I finally learned how to post a video thanks to you guys. With accusations of sexual misconduct on Lee's part and accusations of elder abuse against his caretakers, fans have been quite confused and anxious about Stan Lee.

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Meanwhile, Lee made a recent appearance at the Avengers: Infinity War premiere in Los Angeles at the end of April, his first public appearance since he revealed he's battling pneumonia in late February to TMZ. Lee did not knowingly grant POW! exclusive rights to his creative works or his identity is so preposterous that we have to wonder whether Mr Lee is personally behind this lawsuit.

Other reports by Info About Network

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