Sly Stone Can't Quash Ex-Manager's Bankruptcy Cases
By Scott Flaherty
Law360, New York (July 26, 2013, 1:54 PM ET) -- A California federal judge on Thursday shot down funk legend Sly Stone's bid to toss two bankruptcy cases filed by his former manager, despite Stone's argument that the cases were really attempts to delay trial in a dispute over $50 million in royalties.
U.S. Bankruptcy Judge Julia W. Brand refused to dismiss the bankruptcy cases of Even Street Productions Ltd. and Majoken Inc., both owned by Stone's former manager Gerald Goldstein. Thursday's order came after a hearing on the issue held Wednesday morning.