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Stan Lee Punches Back With Lawsuit Against Former Company

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Stan Lee, the comic book kingpin who created Spider-Man, the X-Men, Black Panther and more, filed a lawsuit for over $1 billion against the company he co-founded, POW! Entertainment. Like a storyline pulled from a comic book, Lee seeks to fight the entity he helped create.

Fighting To Protect His Not-So-Secret Identity

Lee’s lawsuit claims that POW! Entertainment CEOs Shane Duffy and Gill Champion “conspired and agreed to broker a sham deal to sell POW! to a company in China and fraudulently steal Stan Lee’s identity, name, image, and likeness as part of a nefarious scheme to benefit financially at Lee’s expense.”

The Hollywood Reporter

Lee’s signature was on the contract to sell POW! Entertainment, but the lawsuit alleges the signature was either forged or obtained by tricking Lee into thinking he was signing something else. The 95-year-old has lost the ability to read due to macular degeneration. He has been legally blind since 2015.

POW!, Lee Gear Up For Battle

Much like the superheroes he created, Lee is taking a stand against the perceived injustice. In addition to the $1 billion, Lee also wants the original agreement declared invalid.

AMC

Camsing International Holdings, the company that bought POW! Entertainment in the controversial deal, says the lawsuit is ridiculous, adding: “The notion that Mr. Lee did not knowingly grant POW! exclusive rights to his creative works or his identity is so preposterous that we have to wonder whether Mr. Lee is personally behind this lawsuit.”

Court Battle To Be Continued

So, who will win? That’s the billion-dollar question. Lee famously refused to sell his name and likeness to Disney in a huge deal, so why would he part with it now? POW! Entertainment argues Lee and his daughter own a lot of stock in POW!, and would stand to gain from the deal.

Cochinopop

It’s a shame that Lee, whose imagination and comic book creations have entertained countless fans for decades, can’t simply enjoy his twilight years. Like many of his comic book characters, his life has turned tragic as he faces a legal battle for the foreseeable future.

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