According to the Hollywood Reporter, the comic book creator is suing the company he co-founded for $1 billion.
Lee's purported complaint alleges that Lee signed a fraudulent contract with POW!, granting them exclusive rights to his name, though the suit claims Lee negotiated a non-exclusive agreement. Therefore, the complaint claims, the production company either forged Lee's signature, or tricked him into signing over the rights to his name, image and likeness. "The exclusive use of Lee's identity, name, image, and likeness ... and each of them knew that their objective was unlawful and they meant to aid each other in achieving that unlawful objective", it added.
Additionally, past year Lee was asked to sign a document that he believed would offer POW! a non-exclusive license for Lee's name and likeness in connection to the creative works owned by the company. Entertainment over the use of his name and likeness.
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Lee claims he didn't fully understand what was happening. The suit notes that Olivarez is "a person Lee once trusted but who is being sued by Lee now for fraud". He even refused to give it to Disney. Entertainment, whom he claims took advantage of his name without his permission, according to a complaint filed in Los Angeles and obtained by PEOPLE.
The suit draws attention to the death of Lee's wife last July, and his degenerative eye condition which has caused his poor eyesight, suggesting he could not have read the documents.
Corroborating what Lee has been discussing on Twitter, the comic book mogul also claims POW! took control of his social media accounts and has been impersonating him.
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Lee explained that he would not have knowingly signed the licence and that he suspects someone induced him into signing the document by using a "bait and switch" tactic, telling Lee that the document was something else.
"From now on, I will depend on you, my dear fans, to protect and defend me". You guys are my true superheroes.
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. "She was the girl I had been drawing all my life", Lee once recalled of his late wife.
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Adam D.H. Grant and Jennifer Levin Stearns of Alpert, Barr & Grant are representing Lee in the suit, which punitive and compensatory damages in excess of $1 billion.
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