ibusinesslines.com September 24, 2018

Comics legend Stan Lee sells sci-fi comedy to China

16 May 2018, 03:30 | Myron Mathis

Stan Lee claims POW! Entertainment either forged his signature or tricked him into signing the documents

Stan Lee reportedly slaps POW! Entertainment with $1B fraud lawsuit

Lee, the comic book creator responsible for such Marvel superheroes as Iron Man, Black Panther and the X-Men, has filed a lawsuit against his former business partners to regain control of his name.

The new suit also mentions Olivarez, though he is not named as a defendant.

Lee says a year ago 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.

Stan Lee has come out swinging against his former company POW!

The 95-year-old says that he never knowingly signed the agreement for the "sham" deal, and that it amounts to a fraudulent theft by Duffy and Champion of his "identity, name and likeness", branding it - with a phrase lifted straight from the comic books - a "nefarious scheme" involving possible forgery.

According to the suit, Lee formed POW!, a media production company, with Champion and Arthur Lieberman.

Lee, the co-creative force behind many superhero characters, including Black Panther and Spider-Man, sold the company to Camsing previous year.

Stan Lee is suing the entertainment company he co-founded for $1bn (£742m). The suit also says POW! was given the right to use Lee's Facebook, Twitter and Instagram accounts.

According to the complaint filed Tuesday in Los Angeles County Superior Court, Lee has been selective about licensing his name and likeness and will only authorize the use on a non-exclusive basis.

Lee claims in the complaint that Duffy and Champion "knew about [his] diagnosis of advanced macular degeneration, which has left him unable to read or drive on his own since about 2015, and they prayed (sic) on his infirmities while he was in a state of disrepair". If someone had read the document to Lee, the suit adds, "he would not have knowingly signed it".

The suit hopes to roll back the agreement and collect damages up to one billion dollars.

TheWrap has reached out to Camsing for comment on the suit.

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