Sly Stone Sues former manager Jerry Goldstein for damages of $50 Million

LOS ANGELES – Legendary funk artist Sly Stone filed a lawsuit in Los Angeles Superior Court today on the eve of the Grammys charging his former manager Jerry Goldstein with fraud, breach of contract, breach of fiduciary duty, and conversion for diverting, converting and misappropriating his royalties and assets for over 20 years. The suit demands a full accounting from royalty collection companies to determine actual amounts taken but they are estimated to be in the $20-30 million range. The suit also seeks punitive damages.

Sly Stone and Ken Roberts are represented by Robert J. Allan of Allan Law Group PC