STAN LEE Files $1B Lawsuit Against POW! ENTERTAINMENT - Report
Entertainment, filing a $1 billion lawsuit saying he was taken advantage when he was in an emotionally and physically fragile state. CEO Shane Duffy and co-founder Gill Champion didn't disclose the terms of the deal to him before it closed. 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.
Lee, 95, co-created iconic comic-book characters such as Spider-Man, the X-Men and Black Panther for Marvel Comics, and makes regular cameo appearances in the ongoing movie spin-offs. "Defendants, and each of them, knew that their objective was unlawful and they meant to aid each other in achieving that unlawful objective". According to the suit, Lee has macular degeneration - which causes deteriorating eyesight. 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.
Lee's purported complaint alleges that Lee signed a fraudulent contract with POW!, granting them exclusive rights to his name, though the suit claims Lee negotiated a non-exclusive agreement.
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The suit notes the death last year of Joan B. Lee, the plaintiff's wife of 70 years. If someone had read the document to Lee, the suit adds, "he would not have knowingly signed it". The complaint also states that Camsing was given access to his Twitter, Facebook, Instagram accounts against Lee's wishes. "Lee has yet to provide anyone with the exclusive right to use his identity, image, name and likeness".
Lee is in the news again with a new law suit, for 1 billion dollars, against POW!
TheWrap has reached out to Camsing for comment on the suit.
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