Published: Thu, May 17, 2018
Arts&Culture | By Antoinette Montgomery

Comics Legend Stan Lee Files $1 Billion Lawsuit Against His Former Company

Comics Legend Stan Lee Files $1 Billion Lawsuit Against His Former Company

Famed Marvel superhero creator Stan Lee is seeking more than $1bn (£740m) in damages from his former company POW! Entertainment and an injunction invalidating its exclusive rights to his name, image, and likeness. Entertainment in 2001, the suit states. The new suit also mentions Olivarez, though he is not named as a defendant. Stan Lee is seeking $1 Billion in damages to his likeness as well as for the company not cluing him in on the company's sale to Camsing International a year ago. POW! chiefs are also accused of drawing up a "fraudulent Intellectual Property Assignment Agreement" which granted them the rights to use Stan's name, identity and likeness in perpetuity and of taking control of his personal social media accounts, including Facebook, Instagram and Twitter - and impersonating him in interactions with his combined 15 million followers.

According to the court documents, Lee had no idea a sale was in the offing.

When he had first formed POW!, it was meant to be a mere holding company for his vast property used for comics and animation. CEO Shane Duffy and co-founder Gill Champion. Camsing then gained exclusive rights to the company and POW!

Stan Lee is fighting to regain control of his identity.

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

The documents also state that around 2011, Lee was diagnosed with macular degeneration. Entertainment and two of its executives have conspired to steal his name, identity, and likeness without his consent.

As Lee and his legal team prepare for court, several of Lee's classic characters made appearances in the box office film Avengers: Infinity War. At the time of the deal, Lee's beloved wife, Joan, was on her deathbed, and Lee claims that Duffy and Champion took advantage of that tragedy to push the deal through. While the Illegitimate Document purports to contain Lee's signature, Lee never knowingly signed it. someone, likely one of the Defendants, induced Lee to sign the Illegitimate Document by using a bait and switch tactic: "telling Lee it was something else", writes attorney Adam Grant in the complaint.

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. "He gave me a check as a thank-you". Can you guys help?

Lee's lawsuit mentioned that in 2017, POW!

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