Marvel icon Stan Lee in $1bn lawsuit against company he started

Comic books legend Stan Lee is suing the entertainment company he co-founded for damages topping $1 billion, accusing bosses of trying to steal his image, according to court documents filed Tuesday. The complaint, filed in Los Angeles County Superior Court and published by several US entertainment media outlets, alleges that POW! Entertainment CEO Shane Duffy and cofounder Gill Champion failed to fully disclose to Lee details of the firm’s 2017 sale to Camsing International. The entertainment icon contends that they took advantage of him at a time when he was despondent over the death of his wife Joan and suffering from macular degeneration, a condition affecting the eyes.

The 95-year-old co-creator of many superhero characters, including Black Panther and Spider-Man, alleges he was duped into signing a fraudulent agreement that gave POW! exclusive rights to his name, identity and likeness. According to the lawsuit, Lee was unable to read the document due to his eye condition, and he doesn’t remember anyone reading it to him, suggesting that his signature may have been forged, copied or induced. “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. There has been no response from POW! Entertainment to the lawsuit. But in April, the company issued a statement expressing concern for Lee amid reports that he was the victim of elder abuse.