Saturday, April 13, 2024

Sly Stone Finally Awarded Millions Stolen from Him By Managers in Jury Trial


KEEP REFRESHING One of the longest and worst cases in music history may finally have a happy ending. A jury in Los Angeles Superior Court today awarded Sly Stone (Sylvester Stewart) $5 million in lost royalties from his former manager and Svengali, Jerry Goldstein, and Goldstein’s lawyer, Glenn Stone.

Stone signed a management contract with Goldstein’s company, Even Street, in 1989. But Goldstein, the jury found today, proceeded to rip Stone off for the last 25 years. It’s an astounding story.

Stone, long a recluse and drug addict, fell into personal chaos. For the last few years he’s been living in an RV in front of his old house.

The amazing part is that he’s a genius– and the influence for Prince, and nearly every funk and R&B artist since the 1960s– among others. Stewart’s huge number of hits, from “Thank You Falettin Me Be Myself Again” to “Dance to the Music” and “Hot Fun in the Summertime,” “Everyday People,” and “Hot Fun in the Summertime” are still played and covered regularly.

Goldstein has not only screwed around with Stone all these years among famous rock stars. He’s also been part of the divisiveness that killed War, the famed R&B group responsible for “Low Rider” and “The World is A Ghetto.” Goldstein has been at the center of lawsuits concerning their music for years.

But he’s hung onto Stone for dear life even as Stone accused him of stealing money. When Stone played ill fated shows at BB King’s in New York a few years ago, it was Goldstein who was standing in the shadows and controlling access.

In 2010, Stone filed suit in Los Angeles, almost five years ago exactly. A week ago, stipulations for settlement appeared in the court record, with Goldstein still walking away with Stone’s money. Now Sly gets his money, although it’s just a fraction of what’s been squandered and pissed away over the last quarter century.

Read my 2007 story:

Roger Friedman
Roger Friedman
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

Read more

In Other News