Go Back   DreamTeamDownloads1, FTP Help, Movies, Bollywood, Applications, etc. & Mature Sex Forum, Rapidshare, Filefactory, Freakshare, Rapidgator, Turbobit, & More MULTI Filehosts > General > Entertainment/Art/TV/Movies/Gossip on Stars & News

Entertainment/Art/TV/Movies/Gossip on Stars & News Read all about New Movies/Consoles/Games/PCs Coming out and Art & All The General Entertainment News & Gossip Here

IMPORTANT ANNOUNCEMENT
Hallo to All Members. As you can see we regularly Upgrade our Servers, (Sorry for any Downtime during this). We also have added more Forums to help you with many things and for you to enjoy. We now need you to help us to keep this site up and running. This site works at a loss every month and we appeal to you to donate what you can. If you would like to help us, then please just send a message to any Member of Staff for info on how to do this,,,, & Thank You for Being Members of this site.
Post New ThreadReply
 
LinkBack Thread Tools Display Modes
Old 28-01-15, 11:07   #1
 
FreaknDavid's Avatar
 
Join Date: Mar 2011
Location: In The Hills of Tennessee
Posts: 6,631
Thanks: 7,340
Thanked 7,260 Times in 4,750 Posts
FreaknDavid has a reputation beyond reputeFreaknDavid has a reputation beyond reputeFreaknDavid has a reputation beyond reputeFreaknDavid has a reputation beyond reputeFreaknDavid has a reputation beyond reputeFreaknDavid has a reputation beyond reputeFreaknDavid has a reputation beyond reputeFreaknDavid has a reputation beyond reputeFreaknDavid has a reputation beyond reputeFreaknDavid has a reputation beyond reputeFreaknDavid has a reputation beyond repute

Awards Showcase
Gold Medal Gold Medal Gold Medal Gold Medal 
Total Awards: 5

Arrow Right Jury Awards $5 Million to Funk Legend Sly Stone


Sly Stone (2014)


LOS ANGELES, Calif. - Funk legend Sly Stone was awarded $5 million on Tuesday in a breach-of-contract suit that claimed his business partners and his own company cheated him out of royalties.

A Los Angeles Superior Court jury ruled for the 71-year-old performer in his action against his ex-manager Gerald Goldstein, attorney Glenn Stone and Even St. Productions Ltd.

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

Stone, whose real name is Sylvester Stewart, led the group Sly and the Family Stone to a string of hits in the 1960s and early '70s including "Everyday People," ''Dance To The Music" and "Family Affair." But heavy drug use began to take a toll.

His lawyers say Stone's career was long eclipsed and he was destitute when Goldstein and Glenn Stone convinced him to become an employee of and co-owner of Even St. Productions with them in 1989.

Stone assigned royalty rights to the company and was supposed to receive some of the money it collected for him but Goldstein and Glenn Stone arranged to get it through shady accounting, Hornberger argued.

"They met him, they signed him up ... but what they really wanted was his royalties," Hornberger said.

Gregory Bodell, the attorney for Goldstein and Glenn Stone, said the performer approached his clients to revitalize his career and promised to make comeback records that he never recorded.

His clients weren't seeking the performer's royalties because he didn't have any, in part because he owed millions to the Internal Revenue Service, Bodell said.

Sly Stone testified that he had not received any royalty payments between 1989 and 2000.

But Bodell said his clients helped to pay off the IRS, renegotiated royalty issues with record companies and over 20 years obtained millions of dollars in royalties for the performer perhaps as much as $9 million.

Jurors assessed $2.5 million in damages against Even St. Productions, $2.45 million against Goldstein and $50,000 against Glenn Stone.

Bodell said the award will be challenged.

Even St. Productions filed for Chapter 11 bankruptcy protection in 2013. A message left for a lawyer representing the company was not immediately returned.
__________________
Rock Out With DreamTeamDownloads1-The Best Place To Be For Downloads.

You Can Help the site If You Donate, Please Click Here: DONATE

Thank You For Your Support & Membership To DTD1.


FreaknDavid is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
The Following User Says Thank You to FreaknDavid For This Useful Post:
Ladybbird (28-01-15)
Post New ThreadReply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2019, vBulletin Solutions Inc.
SEO by vBSEO 3.5.2
Designed by: vBSkinworks