Fight continues for Sly Stone’s royalties

More details are coming out in regard to Sly Stone’s former manager and the bankruptcies filed for two of his companies. Apparently, Stone’s attorneys arranged to purchase a $1.7 million judgment against Jerry Goldstein from the First California Bank. Goldstein’s lawyers claim that Stone purchased the judgment in an attempt to foreclose on Goldstein to obtain assets including the name Sly and the Family Stone. Therefore, Goldstein moved to place two companies in bankruptcy to move the fight to bankruptcy court.

For more details read, “Sly Stone Royalty Fight Moves to Bankruptcy Court.”

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