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 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. Entertainment - including current CEO Shane Duffy, and Gill Champion, with whom he co-founded the production company - for a whopping BILLION BUCKS. claiming they either tricked him into signing over the exclusive rights to his name, image and likeness - or flat-out forged his signature.
POW was acquired in 2017 by Hong-Kong based Camsing International, when Lee's "beloved wife was on her deathbed", the lawsuit said.
It says Lee was "in a state of total devastation" and that Champion and Duffy were "opportunists" who "saw a chance to take advantage of Lee's despondent state of mind". He claims he was in poor health at the time and was grieving the death of his wife, Joan. In order for POW! to be sold, Lee would have had to sign the agreements, which he claims is something he'd never do.
"In addition, POW! took control of Lee's personal social media accounts, including Facebook, Instagram and Twitter, thereby impersonating Lee before a combined 15 million followers worldwide", the complaint reads.
The complaint, lodged at Los Angeles County Superior Court, states Lee does not recall signing sale documents, nor having them read to him.
It added that Lee has a history of agreeing to non-exclusive licences for the use of his name, image and likeness.
Lee is seeking an injunction declaring the agreement invalid and unenforceable and damages in excess of $1 billion. (1) forged Lee's signatures; (2) lifted Lee's signature from another document and imposed it on the Illegitimate Document; or, (3) someone, likely one of the Defendants, induced Lee to sign the Illegitimate Document by using a bait and switch tactic: "telling Lee it was something else".