Stan Lee has dismissed his $1 billion lawsuit against POW! Entertainment for fraud and conversion, less than two months after the suit was filed in his name.
The move comes as turmoil continues in Lee’s personal life. The lawsuit was filed when 95-year-old Lee was allegedly under the sway of memorabilia collector Keya Morgan. Morgan is now barred from contacting Lee or coming within 100 yards of him, under a restraining order granted on Friday.
Now that Morgan is out of the picture, at least for the time being, those around Lee are apparently moving to reverse some of the acts he took under Morgan’s influence, including the suit against POW! Entertainment.