Sly Stone Wins $5 Million Verdict in Lawsuit Against Former Manager and Attorney
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.
The Los Angeles Superior Court announced its verdict on Tuesday, after two days of deliberations.
Stone’s litigation, filed under his real name Sylvester Stewart, involved millions of dollars in royalties and stretched over almost five years.
He filed suit in 2010, claiming that manager Gerald Goldstein and attorney Glenn Stone in the late 1980s induced him to sign an employment and shareholder agreement with Even Street Prods., but that they instead used the arrangement to divert millions in royalties, leaving him unable to get the money he said was due him. More