Stan Lee sues ex-partners for 1 billion dollars

Lawrence Kim
May 16, 2018

According to a report, Lee, 95, is going after POW!

The purported suit seeks to rescind POW!'s agreement with Lee entirely on those grounds, as well as seeking "damages in excess of one billion dollars".

Lee says past year Duffy and Champion, along with his ex-business manager Jerardo Olivarez, whom he's now suing for fraud, asked him to sign a non-exclusive license with POW! for the use of his name and likeness in connection with creative works owned by the company. 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. Entertainment to alter a clause meant to grant POW! non-exclusive rights to use his name to instead secretly grant POW! an exclusive right to use Lee's name. "Inc. the exclusive use of Lee's identity, name, image, and likeness as described in further detail below", the suit continues. CEO Duffy were among the "opportunists" who "saw a chance to take advantage of Lee's despondent state of mind" after the 2017 death of his wife Joan.

Lee claims in the suit, which you can read below courtesy of Variety, that the initial deal was presented to him as a non-exclusive right to use his name when in reality it was an exclusive right.

"Lee does not recall anyone reading the Illegitimate Document to him, and, due to his advanced macular degeneration, he could not have read it himself", attorney Adam Grant wrote in the complaint, according to The Hollywood Reporter. The complaint also states that Camsing was given access to his Twitter, Facebook, Instagram accounts against Lee's wishes. If someone had read the document to Lee, the suit adds, "he would not have knowingly signed it".

Lee is in the news again with a new law suit, for 1 billion dollars, against POW!

Other reports by Click Lancashire

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