Sly Stone Sues Former Manager Over Royalties
January 29, 2010 at 9:42 AM (PT)
ALL ACCESS has learned that SLY STONE, who had a string of chart-topping hits in the '60s and '70s, is now suing his former manager, JERRY GOLDSTEIN. According to the BBC, STONE claims GOLDSTEIN robbed him of millions of dollars in royalties and used the money to finance a lavish lifestyle. STONE, whose hits include “Dance To The Music,” Stand” and “Hot Fun In The Summertime,” has had history of addiction problems
STONE, whose real name is SYLVESTER STEWART, has asked the LOS ANGELES SUPERIOR COURT to get involved and determine the total amount of money allegedly taken from him. He wants a full accounting of the royalties.
According to recent court filings, SLY claims he has been homeless at times and living off the benefits of his royalties. He added that he trusted GOLDSTEIN to handle his financial affairs. SLY claims GOLDSTEIN did pay him some money, but stopped after 2007.