TMZ.com reports that POW! was sold to a Chinese company called Camsing in 2017.
Stan Lee is going after his former business partners POW-Entertainment, including current CEO Shane Duffy, and Gill Champion, with whom he co-founded the production company for a billion dollars! In the lawsuit, the comic book legend claims that they took advantage of a grieving old man battling to save his sight and essentially stole his good name.
He says that they either tricked him into signing over the exclusive rights to his name, image and likeness or flat-out forged his signature.
TMZ.com reports that POW! was sold to a Chinese company called Camsing in 2017, but during negotiations, Lee claims he was in poor health and dealing with vision loss due to macular degeneration. He was also grieving over the death of his wife, Joan.
According to the documents, Lee had no idea a sale was in the offing. Apparently POW! had to get a sign-off from Stan to use his name, and he claims he would never signed it. The lawsuit calls Stan’s name “the most important and prized possession Lee and his family owned his entire life.”
