Stan Lee slaps POW! Entertainment with $1B fraud lawsuit
Stan Lee, who claims that POW! Entertainment tricked him into signing over the rights to his likeness, has sued the company.
The comic book legend claims that POW!, along with CEO Shane Duffy and co-founder Gill Champion, engaged in a “nefarious scheme” to steal his identity, name and likeness, according to the Hollywood Reporter.
Last year, Hong Kong-based Camsing International acquired POW!, which Lee founded in 2001. He claims he was unaware of the sale, especially considering that he was dealing with his dying wife at the time.
Lee, who was declared legally blind due to his macular degeneration, also alleges in the lawsuit that the company either “forged (his) signatures, lifted Lee’s signature from another document and imposed it on the Illegitimate Document; or, (3) 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.”
Lee has sued for damages of $1 billion.