Sly Stone Wins $5M Judgment from Ex-Manager, Ex-Attorney

[rocktivity]

Variety: Funk singer Sly Stone has been awarded $5 million by a Los Angeles jury in his lawsuit against a former manager and attorney he claimed diverted royalties from his music for their own benefit.

Stone’s litigation, filed under his real name Sylvester Stewart...stretched over almost five years. He...claim(ed) that ...in the late 1980s...manager Gerald Goldstein and attorney Glenn Stone induced him to sign an employment and shareholder agreement with Even Street Productions, but they instead used the arrangement to divert millions in royalties...(He)...testified that he had not received any royalty payments between 1989 and 2000...

(A)ttorneys for Goldstein and Gerald Stone contended that the (Sly) was paid...but broke an agreement to make new records. They claim that the singer was not tricked into signing the contract, but was aware of the terms and renewed the agreement 40 times...between 1994 and 2006.

Funk singer? No, Sly was so much more than that -- his gave his funk a rock and roll attitude. He broke every rule in the book, from dressing like a hippie to hiring a female horn player and white drummer! Sadly, drugs did him in prematurely, and that's exactly why he was so easy to take advantage of. Glad he's finally getting some of that money back!

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