Black Sues Over Royalties
The suit, filed Nov. 7 in Davidson County Chancery Court, accuses Sussman and his Nashville firm, Gudvi, Sussman & Oppenheim, of convincing Black to assign more than $500,000 in royalties to Equity Records, according to the Nashville Post.
Black and Sussman both reportedly have minority ownership of the independent label.
Black said he got nothing in return for the arrangement but instead was “providing Equity an interest-free, unsecured loan,” according to the Post. He also said that Sussman had him sign more than $1 million of personal guaranties for Equity.
It might have seemed like a reasonable deal had
Sussman was unavailable for comment at press time.
The suit marks the second time Black has sued a former manager over royalties. He spent seven months in litigation in 1992 before reaching a settlement with Bill Ham, who managed
This time around, he is seeking unspecified compensatory and punitive damages.
Black is currently managed by John Baruck.