Stan Lee files lawsuit against former business partner, claims forgery
Stan Lee files lawsuit against former business partner, claims forgery
CREDIT John Salangsang REX Shutterstock
16 May, 2018, 16:46
"Lee has yet to provide anyone with the exclusiveright to use his identity, image, name and likeness".
The comic book legend is going after POW! The suit hopes to roll back the agreement and collect damages up to one billion dollars.
"Defendants conspired and agreed to broker a sham deal to sell POW! to a company in China and fraudulently steal Stan Lee's identity, name, image, and likeness as part of a nefarious scheme to benefit financially at Lee's expense", the court documents read.
Lee claims he didn't fully understand what was happening. He was also grieving over the death of his wife, Joan. The suit notes that Olivarez is "a person Lee once trusted but who is being sued by Lee now for fraud".
According to the suit filed in Los Angeles Superior Court, Lee has alleged that Duffy and Champion did not disclosed the full terms of the company's sale to Hong Kong-based Camsing International in 2017.
"Pursuant to their conspiracy and agreement, Defendants, and each of them, knowingly made material misrepresentations of fact, and forged or fraudulently obtained a signature from Lee to give POW!" He usually only authorizes it on a non-exclusive basis.
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The comic book creator added that he doesn't recall anyone reading the "illegitimate document" to him and, because of his advanced macular degeneration (he was declared legally blind in 2015), could not have read it himself. "While the Illegitimate Document purports to contain Lee's signature, Lee never knowingly signed it". The complaint also states that Camsing was given access to his Twitter, Facebook, Instagram accounts against Lee's wishes.
"I just want to tell you I love your comments on Twitter - I don't know how much I have been missing now that I see them", he said. You guys are my true superheroes. Entertainment, the company he co-founded in 2001 for one billion dollars. His name is described as his most important and valued possession in the suit.
There has been a great deal of controversy, concern, and confusion surround Stan Lee lately, and now things have taken a new turn with Lee suing POW!
"[We are concerned about] the upheaval within [Lee's] personal management and life" it stated.
Lee was allegedly robbed by Olivarez, whom he claims coordinated plans to steal a significant sum before illegally purchasing property in his name.
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