Sly Stone, 1975 (Credit: Herb Greene)Sly Stone, frontman of the pioneering funk band Sly and the Family Stone, has been awarded a $5 million settlement in a lawsuit he brought against his former manager and lawyer over unpaid royalties. The verdict was announced Tuesday following two days of jury deliberations.

Variety reports that in the lawsuit, which was filed in 2010, the singer claimed that manager Gerald Goldstein and attorney Glenn Stone convinced him to sign an agreement with a company called Even Street Productions in 1989 that gave his business associates access to his music royalties, which he claimed they used for their own financial gain.

“It was a classic case of Hollywood accounting, but I guess it would have to be called record industry accounting,” said Sly’s lead attorney, Nick Hornberger. He added that the jury “sent a very clear message.”

The defendant’s lawyer Gregory Bodell said in response to the lawsuit’s outcome, “We are disappointed in the finding and believe it will be changed by further proceedings.”

During the trial, Sly maintained that he hadn’t been paid any royalties between 1989 and 2000. However, lawyers for Goldstein and Glenn Stone claimed that the singer had received millions of dollars, and said he violated his agreement by not recording new music. The defendants also argued that Sly was aware of the terms of the agreement he signed, which they say he renewed dozens of times between the years 1994 and 2006.

Sly Stone was inducted into the Rock and Roll Hall of Fame with his famous band in 1993. The singer has battled drug problems for decades and has performed only sporadically in recent years.

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