Entertainment CEO Shane Duffy and co-founder Gill Champion did not discuss the details of their transaction with Camsing International Ltd., an investment holding company principally engaged in the provision of procurement and assembly services in Hong Kong.
The suit suggests that Duffy, Champion or POW! either forged Lee's signature, lifted it from another document or induced him to sign it by telling him it was something else.
Duffy and Champion have not responded to CNN's request for comment. "Inc. the exclusive use of Lee's identity, name, image and likeness".More news: Raazi box office collection
Lee notes how he experienced the death of his wife, as well as vision impairment due to macular degeneration, around the time this deal came into fruition.
Stan Lee recently made a cameo appearance in Marvel Studios' Avengers: Infinity War.More news: Pokemon Switch To Be Revealed This Month, Will Launch In 2018
The lawsuit, filed in Los Angeles Superior Court in Santa Monica and obtained by TMZ, alleges that POW! "Lee has yet to provide anyone with the exclusive right to use his identity, image, name and likeness".
Lee's lawsuit mentioned that in 2017, POW!
When Lee sold his company past year to Camsing International Holding in China, he said he was suffering from macular degeneration, which weakens eyesight. There is no question Mr Lee - who, along with his daughter, was and remains a substantial POW! shareholder - clearly understood the terms of the agreements he signed.
In the lawsuit, Lee alleges that he had been asked by the defendants to sign non-exclusive rights to his name to facilitate the deal, but the agreement ultimately allowed for exclusive rights.More news: Man arrested for posing as Texas high school athlete
Lee was allegedly robbed by Olivarez, whom he claims coordinated plans to steal a significant sum before illegally purchasing property in his name. Besides the health issues, it has been reported that Lee has been a victim of elder abuse, according to Heroic Hollywood. I don't know how much I've been missing, now that I seen them. "You guys are my true superheroes", he wrote.