Stan Lee files $1B lawsuit against POW! Entertainment for 'stealing' his name
17 May, 2018, 03:35 | Author: Irvin Gilbert
The comic book legend, 95, just filed a mammoth $1 billion lawsuit against his ex-business partners at POW! Entertainment, the company he co-founded, for one billion dollars for fraud and conversion. Lee claims POW! CEO Shane Duffy and co-founder Gill Champion did not fully disclose the terms of the sale to him before closing the deal. Stan Lee claims that the company conspired to steal his identity during a fraudulent transaction with a Chinese business past year.
According to the lawsuit, Lee was unable to read the document due to his eye condition, and he doesn't remember anyone reading it to him, suggesting that his signature may have been forged, copied or induced.
Duffy and Champion have not responded to CNN's request for comment.
A massage therapist is suing producer-writer Stan Lee of Marvel Comics fame for sexual assault and battery. 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.
Stan Lee is fighting to regain control of his identity.
The story is quite troubling, especially after claims of elder abuse against Lee back in April.
Lee formed POW! in 2001 as a holding company of sorts for his vast library of intellectual property for film, television, animation, and comics, among other content. Camsing International acquired POW! in 2017 for an undisclosed price and placed its USA vice president Shane Duffy as POW!'s CEO.
Stan Lee has filed a major lawsuit against his former company over allegations that it stole his likeness for financial gain. In a video, Lee called the document's contents "totally incorrect, inaccurate, misleading and insulting", but his then-attorney Tom Lallas alleged he had gone through the document with Lee "word by word, line by line". There is no question Mr Lee - who, along with his daughter, was and remains a substantial POW! shareholder - clearly understood the terms of the agreements he signed.
Lee was allegedly robbed by Olivarez, whom he claims coordinated plans to steal a significant sum before illegally purchasing property in his name. "[Entertainment]. He gave me a check as a thank-you". This latest lawsuit is just the latest in a string of odd occurrences in Lee's personal and professional life.
A tweet from Lee's official Twitter account on Tuesday referenced identity theft. "Can you guys help?"
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