In the complaint, Lee is saying two partners and the company took advantage of his deteriorating eyesight and his state of mind while his wife was on her deathbed - all in an effort to have Lee sign away the exclusive rights to his name as the company was being sold to Hong Kong-based company Camsing International.
Stan Lee at the Avengers: Infitiy War premiere in Los Angeles.
95-year-old Lee says they "forged or fraudulently obtained" his signature, in an attempt to steal his name, image, likeness and identity.
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Lee, the co-creative force behind many superhero characters, including Black Panther and Spider-Man, sold the company to Camsing past year. CEO Shane Duffy and co-founder Gill Champion didn't disclose the terms of the deal to him before it closed. "Inc. the exclusive use of Lee's identity, name, image, and likeness as described in further detail below", the suit continues. Entertainment to alter a clause meant to grant POW! non-exclusive rights to use his name to instead secretly grant POW! an exclusive right to use Lee's name.
Lee claims in the complaint that Duffy and Champion "knew about [his] diagnosis of advanced macular degeneration, which has left him unable to read or drive on his own since about 2015, and they prayed (sic) on his infirmities while he was in a state of disrepair".
Lee also claims POW! took control of his social media accounts and has been impersonating him - something he's recently addressed on Twitter. The suit states that Lee can not recall anyone reading to him the terms of the agreement and that he did not knowingly sign the document.
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According to the complaint, POW! needed Lee's permission to use his name, which he says he never knowingly gave.
Lee is seeking an injunction declaring the agreement invalid and unenforceable and damages in excess of $1 billion.
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.
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TheWrap has reached out to Camsing for comment on the suit.