Drfunkenberry.com
28Jan
2015
2

Sly Stone Wins Back More Than 10 Years Of Royalties In $5 Million Judgement

Sly Stone Photo: REUTERS/Denis Balibouse/Files

Sly Stone won a $5 million dollar judgement against a former manager that left the singer so broke he was living out of a van.

Gerald "Jerry" Goldstein and Glenn Stone hoodwinked Sly Stone out of his royalties with shady accounting.

"It's a good day for Sly, it's a good day for entertainers in general," Nicholas Hornberger, one of Stone's lawyers, said. "This was an important verdict for people that are artists, entertainers, music composers, etc."

Sly did not see any royalty payments from 1989 until 2000 as money was being swindled then and also to pay off Stone's outstanding I.R.S. debts.

Stone could end up getting more money owed to him as the court will make a final decision in a few weeks.-DocFB

Diagnosis: Great news for Sly. Now can we take care of George?

Comments (2)
  1. Don’t fool yourself. It’s a good day for his lawyers too.
    Let’s see 40% of $5 million is…

  2. Awesome news for Sly Stone. Let’s hope that others who are having a time at it in collecting royalties will be paid, too.


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