Sly Stone's $50M Royalties Suit Not Too Late For Trial

Law360, Los Angeles (February 21, 2013, 4:13 PM ET) -- A California judge ruled Thursday that funk legend Sly Stone can proceed with an April 29 trial on breach of contract and fraud claims against his former manager, finding Stone’s claims that the ex-manager bilked him out of $50 million in royalties aren’t time-barred.

Judge Mark V. Mooney of Los Angeles County Superior Court ruled that the statute of limitations for Stone's complaint hadn't tolled by the time he filed his lawsuit, because he alleged the defendants had fraudulently concealed the breach of contract.

Complicating matters...
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