Celebrity News

Stan Lee Files $1 Billion Lawsuit, Says He Was Tricked into Signing Away Likeness
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Stan Lee. Photo courtesy of The Onion.

Summary: Stan Lee says the company he founded conned him into giving up his name and likeness forever. 

Stan Lee is suing the company he co-founded for $1 billion. The prolific comic book creator said that he was tricked into signing over his name and likeness, and he is seeking an injunction and damages, according to The Hollywood Reporter. 

  
What
Where


Lee said that his business partners told him to sign a non-exclusive license with POW!, the company he founded decades ago that was sold to a Chinese company in 2017. In his lawsuit, Lee said that he was tricked instead to give away his rights in perpetuity.

“Lee does not recall anyone reading the Illegitimate Document to him, and, due to his advanced macular degeneration, he could not have read it himself,” the lawsuit said. “While the Illegitimate Document purports to contain Lee’s signature, Lee never knowingly signed it. Either Duffy, Champion, Oliveraz [sic] or POW! (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.”

Lee is suing POW! for fraud, and he said that POW! CEO Shane Duffy and co-found Gill Champion were involved in a “nefarious scheme” to steal his valuable name and likeness.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




In his lawsuit which was filed in Los Angeles on Tuesday, Lee said that when he signed away his rights he was devastated because his wife was on her deathbed and he was legally blind. It was at this time of weakness, Lee said, that his business partners conned him.

“Lee says last year Duffy and Champion, along with his ex-business manager Jerardo Olivarez, whom he’s currently suing for fraud, asked him to sign a non-exclusive license with POW! for the use of his name and likeness in connection with creative works owned by the company. Instead, what he purportedly signed was a “fraudulent” intellectual property assignment agreement that granted POW! “the exclusive right to use Lee’s name, identity, image and likeness on a worldwide basis in perpetuity,”” THR reported.



Lee said that he is selective with licensing his brand and that he only enters non-exclusive agreements. He said that POW! has also been impersonating him on social media, and in his lawsuit, Lee wants the company to stop using his name and likeness and for the court to declare the agreement he signed invalid and unenforceable. He is seeking damages of $1 billion.

POW! was purchased by Camsing International in 2017.

What do you think of Lee’s lawsuit against POW! Entertainent? Let us know in the comments below.



 

RELEVANT JOBS

Corporate Attorney

USA-NJ-Fairfield

Full-Time or Part-Time Corporate Attorney We are a boutique corporate and commercial transactiona...

Apply now

Experienced Family Law and Estate Litigation Attorney

USA-NJ-Ridgewood

Prominent Ridgewood, NJ Elder Law firm seeking a New Jersey Licensed Attorney with at least two year...

Apply now

Full-Time Litigation Associate

USA-CA-Los Angeles

Downtown Los Angeles law firm seeks a full-time litigation associate.  Ideal candidates should ...

Apply now

Attorney

USA-CA-Newport Beach

The Newport Beach office of Lee Hong Degerman Kang & Waimey is looking for graduates of accredited l...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-FL-Maitland

Maitland office of our client seeks litigation associate attorney with 2+ years of experience in def...

Apply Now

Litigation Associate Attorney

USA-NC-Charlotte

Charlotte office of our client seeks associate attorney with 1-3 years of civil litigation. The cand...

Apply Now

Litigation Attorney at Law

USA-NJ-Eatontown

Eatontown office of our client seeks litigation attorney at law with experience. The candidate shoul...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top