•   
  •   
  •   

Entertainment Pow! Stan Lee Sues His Former Company for $1 Billion

09:10  16 may  2018
09:10  16 may  2018 Source:   people.com

Monsanto CEO will step down after Bayer deal closes

  Monsanto CEO will step down after Bayer deal closes Monsanto said Monday that CEO Hugh Grant will step down after the seeds company completes a deal to be acquired by Bayer AG.Grant, a company veteran, took over as chief executive in 2003. Along with Grant, other senior executives including Chief Financial Officer Pierre Courduroux and Chief Technology Officer Robert Fraley will also leave following the deal's close, the company said.

Stan Lee is suing his former business partners for a dollar figure that would even make Tony Stark blush. The comic book legend, 95, just filed a mammoth $ 1 billion lawsuit against his ex-business partners at POW !

Stan Lee Goes After Ex- Company POW ! Here's a $ 1 BILLION Lawsuit!!! Lee 's suing for $ 1 bil along with an order to get his name back. Share on facebook. Tweet this.

Stan Lee is suing his former business partners for a dollar figure that would even make Tony Stark blush.

The comic book legend, 95, just filed a mammoth $1 billion lawsuit against his ex-business partners at POW! Entertainment, whom he claims took advantage of his name without his permission, according to a complaint filed in Los Angeles and obtained by PEOPLE.

Lee founded the production company in 2001 alongside current CEO Shane Duffy and Gill Champion, whom he claims in the complaint “conspired and agreed to broker a sham deal to sell POW! to a company in China and fraudulently steal [Lee’s] identity, name, image and likeness as part of a nefarious scheme to benefit financially at Lee’s expense.”

Japanese drugmaker Takeda to buy Ireland's Shire

  Japanese drugmaker Takeda to buy Ireland's Shire The Japanese drugmaker Takeda has agreed to buy Shire for $62.4 billion in cash and stock, one of the biggest deals ever in the pharmaceuticals industry, the companies said Tuesday.Takeda will pay the equivalent of 49.01 pounds in cash and stock for each share of Shire, based on Takeda's closing share price on April 23, the day before a preliminary deal was announced.

Stan Lee is suing his former business partners for a dollar figure that would even make Tony Stark blush. The comic book legend, 95, just filed a mammoth $ 1 billion lawsuit against his ex-business partners at POW !

Stan Lee is suing his former entertainment company POW ! Entertainment for $ 1 billion dollars, on the basis that his partners, POW ! CEO Shane Duffy and co-founder Gill Champion, either tricked the comic creator into signing over exclusive rights to his name and likeness

Additionally, Lee claims Duffy and Champion “knowingly made material misrepresentations of fact, and forged or fraudulently obtained a signature from Lee to give POW! Inc. the exclusive use of Lee’s identity, name, image and likeness.”

Stan Lee et al. posing for the camera: Stan Lee at the Avengers: Infitiy War premiere in Los Angeles.© Charley Gallay/Getty Images Stan Lee at the Avengers: Infitiy War premiere in Los Angeles.

The complaints also claims that Duffy and Champion took advantage of Lee while he was grieving the loss of his wife Joan in 2017: “Upon her death, Lee at the age of 94 became the target of various unscrupulous businessmen, sycophants and opportunists who saw a chance to take advantage of Lee’s despondent mind, kind heart and devotion to his craft.”

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.”

Glassdoor, the iconic job-hunting website, has been bought for $1.2 billion

  Glassdoor, the iconic job-hunting website, has been bought for $1.2 billion The buyer: Recruit Holdings, a Japanese human resources company that owns multiple job sites. The job-huntingThe job-hunting website Glassdoor has been bought for $1.2 billion in what is one of the largest U.S. tech acquisitions of 2018.

The 95-year-old comic-book creator claims POW ! Entertainment executives brokered a ‘sham deal’ with a Chinese company that stole rights to his name.

This time, he's suing his former company Pow ! It’s a $ 1 billion lawsuits for the damages the company has done to him. According to legal documents, Stan Lee is going after POW !, as well as its current CEOs-Shane Duffy and Gill Champion, with whom he co-founded the company .

According to the complaint, POW! needed Lee’s permission to use his name, which he says he never knowingly gave. Therefore, the complaint claims, the production company either forged Lee’s signature, or tricked him into signing over the rights to his name, image and likeness.

The complaint notes that Lee’s name is “the most important and prized possession Lee and his family owned his entire life” and that even when he inked a $4 billion deal with Disney in 2010, he refused to give the company the right to use his name.

RELATED VIDEO: Stan Lee Reveals Battle with Pneumonia at the Age of 95

In addition to the $1 billion, Lee is asking for an order to get the rights to his name back.

Meanwhile, Lee made a recent appearance at the Avengers: Infinity War premiere in Los Angeles at the end of April, his first public appearance since he revealed he’s battling pneumonia in late February to TMZ.

Walmart’s $16 Billion India Investment Hits Waltons' Fortune

  Walmart’s $16 Billion India Investment Hits Waltons' Fortune Falling shares cut $4.3 billion from the Walton family fortuneWalmart Inc., controlled by the Walton family, led a group that bought a 77 percent stake in Flipkart Online Services Pvt. The deal valued the Indian company at about $21 billion.

UPDATE: Stan Lee Drops $ 1 Billion USD Lawsuit Against Former Company POW ! Entertainment. For conspiring to steal his identity. Jerardo Oliveraz is Lee ’s former business manager, who is also being sued for fraud for million USD.

Stan Lee is suing his former entertainment company POW ! Entertainment for $ 1 billion dollars, on the basis that his partners, POW ! CEO Shane Duffy and co-founder Gill Champion, either tricked the comic creator into signing over exclusive rights to his name and likeness.

Speaking to Disney on the Infinity War red carpet, Lee gave a shout out to his fans, thanking them “for having spent all these years coming to see my cameos [in the Marvel films].”

On the day of the premiere, news broke of a lawsuit in which Lee is accused of sexual misconduct by a massage therapist who says he acted inappropriately with her during two separate sessions. A rep for Lee did not return PEOPLE’s request for comment at the time.

Controversy has recently swirled around Lee, who sued a former business manager alleging fraud and has spoken out defending his daughter after others around him claimed she was trying to gain control of his assets.

Lee lost his longtime wife Joan, who died at the age of 93 last July. “She was the girl I had been drawing all my life,” Lee once recalled of his late wife.

Goldman Sachs: Tesla is going to need to raise $10 billion in 2 years to keep going .
Electric car company Tesla may require as much as $10 billion in additional capital by 2020."We believe this level of capital transactions may be funded through multiple avenues, including new bond issuance, convertible notes, and equity," analyst David Tamberrino wrote in a note to clients Thursday. "We see several options available to the company to refinance maturing debt and raise incremental funds, which should allow Tesla to fund its growth targets.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!