POW! Entertainment Responds To Stan Lee’s $1 Billion Lawsuit
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Yesterday, news broke Stan Lee was preparing for yet another day in court. In recent months, the comic legend has found himself in the headlines for a bizarre string of events, but his most recent announcement has fans rallying to his side. According to reports, Lee is suing his former company POW! Entertainment for a staggering $1 billion, and a representative for POW! has responded to the complaint.
Earlier today, The Hollywood Reporter shared a message from POW! Entertainment in regards to Lee’s lawsuit.
“The allegations are completely without merit. In particular, the notion that Mr. Lee did not knowingly grant POW! exclusive rights to his creative works or his identity is so preposterous that we have to wonder whether Mr. Lee is personally behind this lawsuit,” the representative said.
“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. The evidence,…