×
You will be redirected back to your article in seconds

Stan Lee’s Daughter Seeks to Cut Ties With Camsing International (EXCLUSIVE)

Stan Lee’s daughter announced on Wednesday that her father’s estate is cutting ties with Camsing International, the Hong Kong firm that bought his company two years ago and is now embroiled in a fraud probe in China.

J.C. Lee states that the revelations of Camsing’s “criminality” have caused her to sever ties with the company, which bought Lee’s POW! Entertainment in 2017. Lee, who died last November at the age of 95, co-created “Spider-Man,” “The Hulk,” “Iron Man” and many other Marvel superheroes.

“I cannot tolerate, nor would he have ever tolerated, his name, likeness and rights of publicity be associated with such criminality — criminality that apparently was ongoing at the time Stan allegedly entered into a deal with Camsing and POW!,” she said in a statement. “It is the Estate’s position that neither POW! nor Camsing have any rights to Stan Lee’s name, likeness or legacy.”

Camsing revealed last month that its founder and chairwoman, Ching Lo (also known as Vivian Lo), has been detained by the Shanghai Public Security Bureau. The news caused the company’s stock to crash on the Hong Kong exchange. Camsing has been accused of defrauding Noah Holdings, and of using faked contracts, according to Chinese media reports.

J.C. Lee’s attorney, Jonathan Freund, said that the estate is still investigating the validity of the POW! agreement, but at this point the estate is not filing a lawsuit.

“To the extent there is criminality involved at the time of entering any agreement or obtaining rights, the agreements would be deemed void under the law,” he said in an email.

In May 2018, Lee filed a $1 billion lawsuit against POW!, claiming he had been duped into signing away his name and likeness. At the time, Lee was allegedly under the sway of Keya Morgan, a memorabilia collector who has since been charged with elder abuse and theft.

The POW! lawsuit was dropped two months later, and POW! and Lee issued a joint statement putting their differences to rest.

“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!” he said at the time.

His daughter, however, now contends that the claims in the suit were legitimate.

“Stan Lee was adamant he never knowingly transferred to POW! any rights any rights in and to his name and likeness outside his employment services prior to his death,” she said. “The lawsuit accurately represented his feelings towards them. The recent criminal allegations against Camsing, and its jailed chairwoman Vivian Lo regarding their participation in a massive fraud makes it all the more likely that there was indeed merit to my father’s allegations.”

At the time of the lawsuit, POW! called the allegations “preposterous.”

Following the revelations of the investigation in China, POW! issued a statement on July 10 emphasizing that it is an independent subsidiary of Camsing with “a separate and autonomous U.S.-based management team.”

“The news today is disturbing to us but will in no way impede our single-minded dedication to our mission as the guardian of the legacy of our founder Stan Lee, the greatest storyteller of our time,” the company said.

POW! did not immediately respond to J.C. Lee’s latest statement.

Update, Aug. 12: POW! is out with a response:

“Since 2001, through a series of legally binding agreements POW! acquired the rights to Stan Lee’s name, likeness and identity. The relationship between POW! and Camsing International Holding Ltd. occurred many years later. Recent reports out of China concerning Camsing have no bearing whatsoever on POW!’s incontestable and exclusive ownership of Stan Lee’s name, likeness and identity. Ms. Lee and her lawyers are well aware that the claims recently asserted by them via a press release against POW! are unfounded and without merit.

“Stan purposefully created POW! 18 years ago as the place to safeguard his life’s work. Before he passed, Stan was adamant that he wanted POW! to continue to protect his identity, his body of work and his legacy after he was gone for generations to come. We promised Stan that POW! would respect and honor his wishes, and that’s exactly what we are doing and will continue to do.

“POW!’s commitment to honor and preserve Stan Lee’s legacy is rock solid and will not waver.

“Excelsior!”

More Biz

  • Nile Rodgers and Merck Mercuriadis

    Hipgnosis Songs Raises Another $295 Million

    Hot on the heels of its deal to acquire a catalog of 108 Timbaland copyrights, Hipgnosis Songs has raised another $295 million (£231 million) — putting its total to nearly $800 million to date. According to the announcement, a total of 231,000,000 C Shares have been placed by Nplus1 Singer Advisory LLP  and J.P. Morgan [...]

  • Los Angeles Times

    L.A. Times Reaches Agreement with Guild

    The L.A. Times has reached a tentative agreement with the union that represents the bulk of its non-management employees, the paper announced Wednesday. The agreement follows more than a year of negotiations. The 475 reporters, copy editors, photographers and other staff covered by the agreement must still vote for ratification. Assuming it is approved, it [...]

  • AMC TheatresShop signs, Los Angeles, America

    AMC Theatres Accused of Firing VP Who Complained of Gender Pay Gap

    A former vice president at AMC Theatres filed a federal lawsuit on Wednesday, accusing the company of firing her after she complained that she was paid far less than her male peers. Tonya Mangels, who was vice president of product marketing, said that in March 2018 her supervisor inadvertently sent her a spreadsheet that included [...]

  • Johnny Depp

    Johnny Depp Trial Over Location Manager's Assault Suit Delayed to May

    Update: On Wednesday afternoon, Judge Holly Fujie ordered the trial postponed. A new trial date was set for May 11, 2020. Johnny Depp is expected to appear in a Los Angeles courtroom next week for a trial on a lawsuit alleging that he punched a location manager during the 2017 shoot for “City of Lies.” [...]

  • Stranger Things Season 3

    Netflix Undershoots U.S. Subscriber Adds for Q3, Beats Profit Forecast

    Netflix fell slightly short of its U.S. subscriber forecast in the third quarter — and projected lower Q4 subscriber growth than Wall Street was expecting as competition looms from Apple and Disney. Still, the company reported solid gains, announcing a Q3 record for paid subscriber additions and revenue, and handily topped analyst forecasts for profit. [...]

  • Despacito Luis Fonsi Daddy Yankee

    'Despacito' Tops Vevo's Most-Watched Videos of the Past Decade Chart

    In celebration of its 10-year anniversary, Vevo today announced its Top 10 lists of the decade’s most-watched music videos. Not surprisingly, the Most-Watched Music Video accolade goes to Luis Fonsi’s “Despacito” (featuring Daddy Yankee), with 6.4 billion views since its release in early 2017. The second most-viewed video is Mark Ronson’s “Uptown Funk” (featuring Bruno [...]

More From Our Brands

Access exclusive content