Iconic comic creator and Disney Legend Stan Lee has dropped a lawsuit he filed against POW! Entertainment in May.
- In the $1 billion lawsuit, Lee claimed that POW! CEO Shane Duffy and co-founder Gill Champion had misled him about the terms of a deal with Camsing International, who purchased the company.
- It also claimed “Defendants conspired and agreed to broker a sham deal to sell POW! to a company in China and fraudulently steal Stan Lee’s identity, name, image, and likeness as part of a nefarious scheme to benefit financially at Lee’s expense.”
- Now, according to The Hollywood Reporter, Lee has dropped that suit and will apparently be working with POW! on additional projects.
- The development is the latest in a string of reports that have surrounded Lee since the death of his wife Joan B. Lee last year — many of which claim that various parties have tried to take advantage of Lee and his wealth.
- Lee can currently be seen providing his traditional cameos in Marvel’s Ant-Man and the Wasp, which opened this weekend.
What They’re Saying:
- Disney Legend Stan Lee: “The whole thing has been confusing to everyone, including myself and the fans, but I am now happy to be surrounded by those who want the best for me. I am thrilled to put the lawsuit behind me, get back to business with my friends and colleagues at POW! and launch the next wave of amazing characters and stories!”
- Shane Duffy, POW! CEO: “We are ecstatic that this ill-founded lawsuit has been dismissed and we look forward to working with Stan again to develop and produce the great projects that were put on hold when the lawsuit was filed. We recently got together with Stan to discuss our path forward and we and Camsing are pleased with his overwhelmingly enthusiastic reaction.”