Published: Wed, May 16, 2018
Culture&Arts | By Laurence Reese

Stan Lee Files $1 Billion Lawsuit Against POW! Entertainment

Stan Lee Files $1 Billion Lawsuit Against POW! Entertainment

A legendary comic book creator has filed a billion-dollar lawsuit against his former business partners.

However, according to the claim, the defendants were seeking to obtain an exclusive licence to Lee's name, image and likeness on a worldwide basis. In the case, taking advantage of Lee's macular degeneration and subsequently impaired sight to get him to sign away exclusive rights to use his name to Camsing International Holding, a Hong Kong-based company that acquired POW! previous year.

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

Stan Lee Files $1 Billion Lawsuit Against POW! Entertainment
Stan Lee Files $1 Billion Lawsuit Against POW! Entertainment

Here's the backstory - POW! was sold to a Chinese company called Camsing in 2017, but during negotiations, Lee claims he was in poor health and dealing with vision loss due to macular degeneration. "Inc. the exclusive use of Lee's identity, name, image, and likeness ... and each of them knew that their objective was unlawful and they meant to aid each other in achieving that unlawful objective".

The complaint, lodged at Los Angeles County Superior Court, states Lee does not recall signing sale documents, nor having them read to him. Entertainment. However, the document that ultimately was signed granted an exclusive right, against Lee's wishes, according to the suit.

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

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In addition to the $1 billion, Lee is asking for an order to get the rights to his name back.

On the day of the premiere, news broke of a lawsuit in which Lee is accused of sexual misconduct by a massage therapist who says he acted inappropriately with her during two separate sessions.

A detailed exposé in The Hollywood Reporter last month alleged that Lee has been the victim of elder abuse at the hands of his daughter J.C. and others who have sought to profit from his fame and fortune.

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He's now suing his former business manager Jerardo Olivarez for fraud, accusing him of mismanaging his affairs and embezzling millions of dollars, at the time when he was grieving over the death of Joan Lee in 2017.

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