Stan Lee Files $1 Billion Lawsuit Against POW! Entertainment
Stan Lee Files $1 Billion Lawsuit Against POW! Entertainment
Stan Lee claims POW! Entertainment either forged his signature or tricked him into signing the documents
16 May, 2018, 15:30
Lee is in the news again with a new law suit, for 1 billion dollars, against POW! In the case, taking advantage of Lee's macular degeneration and subsequently impaired sight to get him to sign away exclusiverights to use his name to Camsing International Holding, a Hong Kong-based company that acquired POW! past year.
"In each instance in which Lee granted a non-exclusive licence, the licensee has offered to pay a fee for the use of his name, image and likeness, but under no circumstances did Lee ever sell off his personal identity, name, and likeness, which he spent 95 years building up".
Lee was one of the co-founders of POW! "Defendants, and each of them, knew that their objective was unlawful and they meant to aid each other in achieving that unlawful objective".
Lee, the co-creative force behind many superhero characters, including Black Panther and Spider-Man, sold the company to Camsing previous year. According to Lee, he was unaware the sale was taking place, as he was in the middle of a tough period in his life with his deteriorating vision and his wife Joan's death. 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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Lee also points to the fact he even refused to give Disney the right to use his name when he struck a multi-billion dollar deal with the movie company.
Lee also claims POW! took control of his social media accounts and has been impersonating him - something he's recently addressed on Twitter. If someone had read the document to Lee, the suit adds, "he would not have knowingly signed it".
The suit suggests that Duffy, Champion or POW! either forged Lee's signature, lifted it from another document or induced him to sign it by telling him it was something else.
The BBC has contacted POW! and the Hong-Kong based Camsing International Holding, who owns it, for comment.
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