The lawsuit that Stan Lee brought against the company he founded, Pow! Entertainment has been officially dropped according to a statement made by both Stan Lee and Pow! on Monday. The lawsuit was a $1 Billion suit against Pow!’s executives Gill Champion and Shane Duffy due to allegations of forgery or fraudulence in Lee’s name and image. The lawsuit claimed that Pow! Entertainment seized control of Stan Lee’s social media accounts without permission; however, Lee made a Tweet on May 12:
Today was the first day I ever did a tweet myself. Before today, my account was done by others. I still do not have control of my Facebook. Someone else is doing it, NOT me.
— stan lee (@TheRealStanLee) May 13, 2018
Two days after that Tweet, Lee filed his lawsuit. He followed this up with another Tweet a day after filing his suit:
Help! Someone has hijacked my Facebook and Instagram. I want everyone to know whoever is writing them is a fraud and is impersonating me. How do I get them back? Can you guys help?
— stan lee (@TheRealStanLee) May 15, 2018
Another part of the lawsuit dealt with the sale of Pow! Entertainment to Hong Kong-based Camsing International Holding. After the sale, Shane Duffy became the CEO and executive chairman, something that Lee himself didn’t approve or was made aware of.
Stan Lee didn’t go into details about how the lawsuit was settled or why it was dropped. He did mention that he was happy to put the lawsuit behind him and that he has established a working relationship with Shane Duffy and Pow! Entertainment once again. He noted that the lawsuit was confusing to both himself and to his fans and that projects that were put on hold due to the filing of the lawsuit will now resume once again.