According to Lee, POW! Entertainment executives including co-founder Gill Champion and CEO Shane Duffy allegedly made a “sham deal” to sell POW! to a Chinese company called Camsing.
Marvel creator Stan Lee has filed a lawsuit against his former company POW! Entertainment for $1bn (£740m) in damages, alleging he was duped into signing a document giving away the rights to his name.
In response to Lee’s claims against them, POW! Entertainment issued a statement: “We have seen the copy of Mr Lee’s complaint posted on Deadline Hollywood.
In particular, the notion that Mr Lee did not knowingly grant POW! exclusive rights to his creative works or his identity is so preposterous that we have to wonder whether Mr Lee is personally behind this lawsuit.