Stan Lee has dropped a $1 billion lawsuit against his former Company Pow! Entertainment.
In May, the man credited for creating some of the most iconic Marvel Superheroes, filed suit against the company’s CEO, Shane Duffy, for alleging tricking him into signing a document giving away rights to use his name and likeness.
Lee originally accused Pow! Entertainment of implementing a “nefarious scheme” to take advantage of his advanced age. Now, Lee has announced he would be dropping the lawsuit in an official statement.
“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,” Lee said. “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!”
Duffy was also happy to move on from the lawsuit. “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,” said Duffy.
Lee has had a turbulent past couple of years. His longtime wife, Joan, passed away in 2017. Ever since then, the 95-year-old legend had been part of a never-ending news cycle regarding his mental health and finances.
Starting in February, rumors began to circulate that Lee was a victim of elder abuse by his business manager and personal adviser, Keya Morgan. A restraining order was eventually issued, accusing Morgan of attempting to control Lee’s estate, abusing and isolating him.
Unfortunately, Lee’s business manager was not the only person allegedly abusing Stan Lee. Linda Sanchez, Lee’s former nurse and in-home caregiver, claims she witnessed verbal abuse and financial manipulation by both Morgan and Stan Lee’s daughter, JC Lee. Sanchez said in a testimony that JC Lee would often blame her father for her financial problems, scream at him, and put Lee in “depressed moods.”
Stan Lee definitely deserves better.