Thursday, 13 December, 2018

Stan Lee Sues Former Company POW! Entertainment For $1 Billion

Stan Lee Stan Lee Files Lawsuit Against Pow! Entertainment Josh Piedra
Julia Gonzales | 16 May, 2018, 14:35

Stan Lee has been in the news quite a bit of recent, with sexual misconduct allegations against him in Chicago and a lawsuit he filed against his ex-business manager who allegedly tried to sell vials of the comic book legends blood as collectibles in Las Vegas.

The curious case of Stan Lee has made waves across the Internet ever since Lee was diagnosed with pneumonia and hospitalized with an irregular heartbeat this February. CEO Shane Duffy and co-founder Gill Champion didn't disclose the terms of the deal to him before it closed.

Due to Lee's advanced macular degeneration he has lost most of his vision and can not read. "While the Illegitimate Document purports to contain Lee's signature, Lee never knowingly signed it".

It added that Lee has a history of agreeing to non-exclusive licences for the use of his name, image and likeness. The complaint also states that Camsing was given access to his Twitter, Facebook, Instagram accounts against Lee's wishes.

He's now suing his former business manager Jerardo Olivarez for fraud, accusing him of mismanaging his affairs and embezzling millions of dollars, at the time when he was grieving over the death of Joan Lee in 2017.

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The suit goes on to accuse the defendants of obtaining a "fraudulent Intellectual Property Assignment Agreement" which "granted POW! the exclusive right to use Lee's name, identity and likeness on a worldwide basis in perpetuity, thus taking away the most important and prized possession Lee and his family owned his entire life ..."

A detailed exposé in The Hollywood Reporter last month alleged that Lee has been the victim of elder abuse at the hands of his daughter J.C. and others who have sought to profit from his fame and fortune.

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.

Lee is seeking an injunction declaring the agreement invalid and unenforceable and damages in excess of $1 billion.

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