Published: Wed, May 16, 2018
Life&Culture | By Sue Mclaughlin

Stan Lee sues ex-partners for 1 billion dollars

Stan Lee sues ex-partners for 1 billion dollars

The site goes on to state how Lee wouldn't give Disney the rights to use his name when the studio bought Marvel's movie rights for $4 billion in 2009, which could be used as an example to why Lee wouldn't forfeit his name in this case.

Stan Lee has gone after his ex-company, POW! "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".

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

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However, the suit says, Champion and POW! In the case, taking advantage of Lee's macular degeneration and subsequently impaired sight to get him to sign away exclusive rights to use his name to Camsing International Holding, a Hong Kong-based company that acquired POW! a year ago. The suit alleges that Pow! took advantage of his condition to get him to sign away an exclusive right to use his name to the Chinese company. 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.

Due to Lee's advanced macular degeneration he has lost most of his vision and can not read. The complaint also states that Camsing was given access to his Twitter, Facebook, Instagram accounts against Lee's wishes. The suit states that Lee can not recall anyone reading to him the terms of the agreement and that he did not knowingly sign the document. "Lee has yet to provide anyone with the exclusive right to use his identity, image, name and likeness". The suit hopes to roll back the agreement and collect damages up to one billion dollars. POW! did not return Newsarama's request for comment regarding the social media accounts prior to the filing of the suit.

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