Sly Stone Awarded $5 Million in Royalty Lawsuit
After five-year legal battle against his former manager, the Family Stone rocker recoups more than ten years of lost royalties. Sly Stone was awarded $5 million after a Los Angeles Supreme Court jury found that the Rock and Roll Hall of Famer was cheated out of over a decade's worth of royalties by his former manager and an entertainment lawyer. In the breach-of-contract lawsuit, Stone's lawyers argued that Gerald "Jerry" Goldstein and Glenn Stone had tricked Sly Stone into becoming an employee and co-owner of a company called Even St. Productions, which they then used to pocket Stone's royalties through "shady accounting." Sidebar Sly and the Family Stone Jam on 'Higher' » "It's a good day for Sly, it's a good day for entertainers in general," Nicholas Hornberger, one of Stone's lawyers, told the press following the verdict. "This was an important verdict for people that are artists, entertai...