Marvel superhero creator Stan Lee has filed a lawsuit seeking more than $1 billion in damages from POW! Entertainment, the company he co-founded. In a suit filed in Los Angeles Superior Court, 95-year-old Lee alleged that POW! fraudulently forged his signature on legal documents and stole his identity. According to the lawsuit, POW! CEO Shane Duffy and co-founder Gill Champion are alleged to have “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.” Lee, who co-created super-heroes including the X-Men, the Avengers and the Black Panther, formed POW! (standing for “Purveyors of Wonder”) in 2001 with Champion and Arthur Lieberman. Lee is currently a Marvel “goodwill ambassador”, having received a $10 million payout when the company was sold to Disney for $4 billion in 2010.
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