Stan Lee files suit against Pow! Entertainment

Stan Lee files suit against Pow! Entertainment

Marvel Comics legend Stan Lee has filed a $1-billion lawsuit against POW! Entertainment over the use of his name and likeness. Entertainment, a company he founded in 2001.

Lee was allegedly robbed by Olivarez, whom he claims coordinated plans to steal a significant sum before illegally purchasing property in his name.

Camsing, which acquired POW!'s library IP a year ago, is a member of Camsing Global Group, a China business consortium founded by Vivian Lo in Hong Kong in 1996. "Inc. the exclusive use of Lee's identity, name, image, and likeness ... and each of them knew that their objective was unlawful and they meant to aid each other in achieving that unlawful objective".

Lee claims he doesn't recall anyone reading the document to him (which is essential as Lee's macular degeneration has rendered him legally blind).

When he had first formed POW!, it was meant to be a mere holding company for his vast property used for comics and animation. Entertainment, as well his co-founders Shane Duffy and Gill Champion, according to CNBC. Camsing then gained exclusive rights to the company and POW!

A tweet from Lee's official Twitter account on Tuesday referenced identity theft. Apparently POW! had to get a sign-off from Stan to use his name, and he claims he would NEVER have put his John Hancock to paper.

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Lee was also recently sued for damages by a masseur who has accused him of sexual misconduct during a massage appointment at a hotel in Chicago. The deal with Camsing went through when Lee's wife of nearly 70 years, Joan Lee, was dying, say his lawyers, and the comics writer was "in a state of total devastation".

Lee stated that he signed the document at a tough time in his life.

The claim states that since 2015 Lee has been suffering from advanced macular degeneration, meaning he has been unable to read or drive on his own. The suit calls the POW! duo "opportunists" who took advantage of the writer's eye problems and his "despondent state of mind" following the death of his wife Joan previous year (18).

Read the suit below and stay with The 405 for more on all three legal actions Lee is in as we hear it. He's now suing his ex-business manager Jerardo Olivarez for fraud, while vials of his blood were used for signatures on comics in Las Vegas without him knowing. Took control of Lee's personal social media accounts, including Facebook, Instagram and Twitter.

"I appreciate everything you say and do". You guys are my true superheros. Lee is personally behind this lawsuit.

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