Sly Stone Files Lawsuit Against Ex-Manager For 50 Million Dollars

Sly Stone joins the hundreds of musicians who feel they have been cheated by a business partner. In this case, Stone the lead vocalist of Sly and the Family Stone is suing his former manager, Jerry Goldstein. The musician believes Goldstein has cheated Stone and his fellow musicians $20 – 30 million worth in royalties and used the money to gain an extravagant lifestyle.

According to Reuters, Goldenstein still has yet to make a comment, or rather, chooses not to comment.

Sly and the Family Stone were one of the biggest acts during the 1960s with hits such as “Dance to the Music” and “Family Affair.” Stone believes Goldstein has taken a large chunk of their success, monetary-wise, and even goes as far to say that the former manager has registered the band’s name with the US Authorities and used it to borrow millions of dollars.

Stone’s lawyer had made this statement to defend his client:

“…a dark side of the music business where some of these artists are being robbed of their intellectual property and the fruits of their genius by unscrupulous people who prey on their trusting nature and lack of business and legal knowledge.”

Stone and his lawyer have filed a lawsuit asking $50 million dollars for damages and also “full accounting from royalty collection companies to determine exactly how much had been taken from him.”

Also according to Reuters, Stone is currently working on a new album that will be released sometime this year.

What do you think of Sly Stone suing his ex-manager after so long?