Like the lawsuit last month against his old business partner, this suit, filed in Los Angeles Superior Court, alleges that other people (not including his ex-business manager as a defendant) used his age to swindle him.
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, the company he co-founded in 2001 for one billion dollars.
Lee claims that Duffy and Champion failed to disclose the full terms of the company's sale to Hong Kong-based Camsing International in 2017. 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.More news: TN HSC Class 12 results 2018 declared | 91.1% pass | Check tnresults
However, the suit says, Champion and POW!
Due to Lee's advanced macular degeneration he has lost most of his vision and can not read. CEO Shane Duffy and co-founder Gill Champion, either tricked the comic creator into signing over exclusive rights to his name and likeness, or outright forged his signature. If someone had read the document to Lee, the suit adds, "he would not have knowingly signed it".
He's now suing his former business manager Jerardo Olivarez for fraud, accusing him of mismanaging his affairs and embezzling millions of dollars, at the time when he was grieving over the death of Joan Lee in 2017.More news: Shining Sonam Kapoor At Cannes
"Given his fame and cultural importance as an American icon and living legend, there is significant commercial interest in the use of his image, name and likeness", said the claim.
"Lee's suit adds that they and another man - Jerardo Olivarez, who isn't named as a defendant - managed to convince Lee to sign a power of attorney to gain further and more precise control over Lee's assets".
Lee is seeking an injunction declaring the agreement invalid and unenforceable and damages in excess of $1 billion. POW! did not return Newsarama's request for comment regarding the social media accounts prior to the filing of the suit.More news: JR Smith Shoves Al Horford in Celtics-Cavaliers Game 2