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Comic Book Legend Stan Lee is suing former business partners POW! Entertainment for $1 Billion!
Here’s the deal: In 2017, Stan Lee’s business partners sold their company POW! Entertainment and according to the report at TMZ.com, part of the sale was the rights to the Stan Lee name and likeness. Lee was in bad health and fighting vision loss and reportedly signed off the deal not knowing that his name was included in part of the deal.
Lee claims that he would never sell the rights to his name as they are “the most valuable possession” he has. Lee also claims that Disney wanted to purchase the rights to the Stan Lee name but he refused. Lee is suing for $1 Billion and an order to give him the rights to his name back.