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Studdard Awarded $2M In Suit
American Idol 2003 winner
The suit, which was filed last year against Ronald Edwards and his now-bankrupt promotions company, Sez Inc., claimed the manager misused more than $246,000 of Studdard’s money.
The singer was awarded $1.5 million in punitive damages. The manager’s effect on Studdard’s credit made it difficult for him to obtain financing to buy a home, the judge’s ruling said.
Edwards even used $10,000 of Studdard’s money to pay back a bank loan, the ruling said.