Stan Lee Files Billion-Dollar Fraud Lawsuit Against Pow! Entertainment

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Lee alleges in the lawsuit filed on Tuesday that POW Entertainment and two of its officers, CEO Shane Duffy and co-founder Gill Champion, conspired to steal his identity and likeness. The lawsuit calls Stan's name "the most important and prized possession Lee and his family owned his entire life". "Upon her death", it reads, "Lee at age 94 became the target of various unscrupulous businessmen, sycophant and opportunists who saw a chance to take advantage of Lee's despondent state of mind, kind heart and devotion to his craft - a devotion that often allowed him to overlook the bad intentions of others when it came to his property".

Lee was one of the co-founders of POW!

"Pursuant to their conspiracy and agreement, Defendants ... knowingly made material misrepresentations of fact, and forged or fraudulently obtained a signature from Lee to give POW! Inc". The company was sold to Chinese company Camsing International Holding Limited past year, the complaint notes.

Due to Lee's advanced macular degeneration he has lost most of his vision and can not read. Entertainment to alter a clause meant to grant POW! non-exclusive rights to use his name to instead secretly grant POW! an exclusive right to use Lee's name.

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Lee also claims POW! took control of his social media accounts and has been impersonating him - something he's recently addressed on Twitter. "While the Illegitimate Document purports to contain Lee's signature, Lee never knowingly signed it. Lee has yet to provide anyone with the exclusive right to use his identity, image, name and likeness".

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

He says that the deal's final details were not disclosed to him before he signed, and because Lee was declared legally blind in 2015, that he could not see the document, and was therefore tricked into signing away "the exclusive right to use Lee's name, identity, image and likeness on a worldwide basis in perpetuity".

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