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Stan Lee embroiled in new legal battle

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Legendary comic book creator Stan Lee

© PA Images / Denis Poroy/AP

Stan Lee has become embroiled in a new legal battle.

His POW! Entertainment company is facing a $3.6 million (£2.2 million) lawsuit, according to The Hollywood Reporter.

Lee and associates including Arthur Lieberman and Gil Champion are being sued by former associates Valerie Barth and Ron Sandman, who claim they lost out following a controversial merger early in POW!'s history.

POW! executed a reverse merger with Arturion Entertainment in 2004, which allowed it to skip the lengthy registration process on the path to becoming a publicly-traded company.

The company recently sued the pair for fraud and abusive business practices surrounding accusations that it robbed them of Arturion.

Barth and Sandman's countersuit accuses Lee of participating in a conspiracy to inflate the worth of POW's assets at the time of the merger, fraudulently taking control of Arturion and - along with his partners - violating numerous laws.

Lee is also involved in a lawsuit with former company Stan Lee Media Inc, which he allegedly downplayed when he entered into the POW!-Arturion deal.

The Spider-Man creator recently admitted that he used to be embarrassed that he wrote comic books for a living.

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