By Damilola Faustino
Stan Lee is seeking more than $1billion in damages from his former company POW! Entertainment – claiming that he was tricked into signing a deal that saw him give away rights to use his name and likeness.
The sum comes from a lawsuit in which the 95-year-old alleges that POW! co-founder Gill Champion and CEO Shane Duffy brokered a “sham deal” to sell off the company to Camsing, of which Duffy is also Vice President.
Lee accuses the pair of conspiring “to fraudulently steal Lee’s identity, name, image, and likeness as part of a nefarious scheme to benefit financially at [his] expense” – following his “devastating” decline in health due to macular degeneration.
The 95-year-old Marvel founder and comic book mogul also claims that Champion and Duffy “never disclosed the actual terms of the deal to Lee before closing it”.
Read also: Stan Lee Sued For Sexual Misconduct
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