Stan Lee's $1 Billion Lawsuit Is 'Preposterous,' Says POW! Entertainment Owner

Stan Lee

Marvel Comics icon Stan Lee's name has made headlines countless times over that past few months, from health scares to reports of elder abuse to -- most recently -- Lee suing his former entertainment company POW! Entertainment for reportedly tricking him into signing over exclusive rights to his name and likeness, or outright forging his signature. However, Camsing International, whom Lee sold the company to last year, has since issued a response, denying the comic creator's allegations.

“The complaint is completely without merit," Camsing said in an official statement. "In particular, the notion that Mr. Lee did not knowingly grant POW! Entertainment the exclusive rights to his creative works or his identity is so preposterous that the Company has to wonder whether Mr. Lee is personally behind this lawsuit. There is no question that Mr. Lee–who along with his daughter was and remains a substantial POW! Entertainment shareholder—clearly understood the terms of the agreements he signed. The evidence, which includes Mr. Lee’s subsequent statements and conduct, is overwhelming and the Company looks forward to presenting it in court. When and if the complaint is properly served, POW! Entertainment will respond in a timely and appropriate manner through legal channels.”

RELATED: Stan Lee Thanks Fans in His First Ever Twitter Video

Lee's recent behavior on social media, including a tweet in which he admitted it was his first time posting on the social media platform by himself, has led some fans to believe that perhaps he still isn't in control of the account and that others are acting on his behalf, which mirrors Camsing's statement in regard to the lawsuit. However, Lee recently helped put some of these concerns to rest when he posted his first video on Twitter, seemingly confirming that he is, in fact, managing his own social media. Of course, that's not to say the lawsuit itself could be an entirely separate case.

“Lee does not recall anyone reading the Illegitimate Document to him, and, due to his advanced macular degeneration, he could not have read it himself,” the original complaint against Camsing from attorney Adam Grant stated. "While the Illegitimate Document purports to contain Lee’s signature, Lee never knowingly signed it. Either Duffy, Champion, Oliveraz [sic] or POW! (1) forged Lee’s signatures; (2) lifted Lee’s signature from another document and imposed it on the Illegitimate Document; or, (3) someone, likely one of the Defendants, induced Lee to sign the Illegitimate Document by using a bait and switch tactic: telling Lee it was something else."

RELATED: Stan Lee Threatens to ‘Sue the Ass Off’ Those Making Elder Abuse Claims

This all comes on the heels of Lee’s denied allegations that he’s been the subject of the aforementioned elder abuse. In a fiery video released last month, Lee repeatedly threatened to sue those responsible for what he characterized as “slander.”

Those abuse allegations were made against Lee’s daughter, J.C. Lee, with a notarized declaration by the 95-year-old comics creator that indicated three men, including his current primary caregiver Keya Morgan, had tried to take advantage of J.C. in an effort to gain control over Lee’s “assets, property and money.”

Joan Lee, Stan Lee’s wife of 70 years, passed away in December at age 93. Since then, one of Lee’s associates has been accused of stealing $300,000 from his bank account and using $850,000 of his money to buy a condominium. The same person is alleged to have forged an order for a nurse to draw “several vials” of Lee’s blood, which a recent report suggests was used to create ink to sign comic books.

Via Variety

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