Stan Lee’s estate has agreed to settle elder exploitation and abuse claims against the writer’s former executive Jerardo “Jerry” Olivarez.
Stan Lee sued Olivarez and his former attorney Uvi Litvak in 2018, calling them “ruthless businessmen, sycophants and opportunists” who tried to take advantage of him after the death of his wife Joan Lee.
According to a court document filed Monday (July 25), Lee’s estate was moved to resolve the matter.
Corresponding the hollywood reporter, The terms of the deal were not disclosed, and the document contains no claims against Litvak.
Initially, Olivarez was an advisor on the business ventures of his daughter, JC Lee, and his wife, Joan, before being granted power of attorney over Lee after his wife’s death.
“Jerry Olivarez and JC Lee, Stan and Joan Lee’s only daughter and trustee of the Lee Family Trust, are pleased to announce the settlement of their court dispute,” Olivarez’s attorney, Donald Randolph, said in a statement Wednesday (July 27). . “The origin of this dispute was the unfortunate manipulation of Stan Lee and his family by certain individuals – who were not named in the lawsuit – with intent to unfairly frame Jerry Olivarez.
“These individuals used improper influence over the Lee family to accuse Jerry Olivarez of harmful acts that he did not commit.”
In the original lawsuit, Olivarez was accused of firing Lee’s trusted banker and wire approximately $4.6 million from his bank without authorization.
It was also mentioned that Olivarez persuaded Lee to sign him a power of attorney and allegedly appointed his own attorney, Livtak, without disclosing the conflict of interest.
Before his death, Lee claimed that Olivarez tricked him into borrowing a large sum of money and changed his will.
He alleges fraud, financial abuse of an elder, and misappropriation of names and likenesses, among other allegations.
“Olivarez misused his bond of trust with Lee and JC Lee, his knowledge of Lee and JC Lee’s confidential business and estate planning operations, and his ability to mislead Lee about his advanced age, all in a covert and deliberate attempt to get Lee into a variety of deceitful dealings and financial missteps that benefited Olivarez and disenfranchised Lee,” the complaint reads.
Lee died in 2018. He was 95 years old.
An ambulance was called to his Hollywood Hills home and rushed him to Cedars-Sinai Medical Center, where he died.
Lee had been suffering from pneumonia earlier in the year. He also struggled with vision problems and revealed in 2016 that he could no longer read the comics he created.
https://www.independent.co.uk/arts-entertainment/films/news/stan-lee-elder-abuse-case-settled-b2132996.html Stan Lee’s ex-CEO settles elder abuse case