Stan Lee Socks His Former Company With $1 Billion Lawsuit


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.

The 95-year-old comic book writer claims the company, which he co-founded, conspired with two of its officers, CEO Shane Duffy and co-founder Gill Champion, to steal his identity, reported Deadline. "Lee has yet to provide anyone with the exclusive right to use his identity, image, name and likeness". Entertainment to Camsing International, a Chinese-based company.

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.

Lee, who last month filed a case against his former manager Jerardo Olivarez for business fraud, has added him in the suit but not as defendent. 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".

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"We at POW! Entertainment take great pride in our continuing work to create exciting new Stan Lee content and characters as well as safeguarding the legacy of the greatest storyteller of our time", the statement said. He even refused to give it to Disney. He was also grieving over the death of his wife, Joan.

"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.

The complaint, lodged at Los Angeles County Superior Court, states Lee does not recall signing sale documents, nor having them read to him.

"From now on, I will depend on you, my dear fans, to protect and defend me".

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Lee is seeking an injunction declaring their agreement invalid and unenforceable, with damages in excess of $1 billion. In fact, a quote from the lawsuit calls Lee's name "the most important and prized possession Lee and his family owned his entire life".

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 seems intent on regaining control of his life.

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