Stan Lee and Pow! Entertainment announced on Monday that that Lee has dropped his US$1 billion lawsuit against Pow! Entertainment and its executives Gill Champion and Shane Duffy.
Lee commented that he is “thrilled” to put the lawsuit behind him and to continue to work with Pow! Entertainment.
The suit stated that Pow! Entertainment took control of Lee’s Facebook, Twitter, and Instagram accounts without permission.
It alleged that Pow! Entertainment forged or fraudulently obtained exclusive rights to Lee’s name, image, and likeness.