Billy Joel, ex-drummer settle royalty lawsuit

By Jonathan Stempel

NEW YORK, April 21 (BestGrowthStock) – Billy Joel’s longtime
drummer has settled a lawsuit accusing his former boss of
depriving him of royalties from many of his biggest albums, the
singer’s lawyer said on Wednesday.

Liberty DeVitto was Joel’s principal drummer from 1975 to
2005, performing on such albums as “The Stranger,” “52nd
Street,” “Glass Houses” and “Storm Front,” as well as in Joel’s
touring band.

In his May 2009 lawsuit, DeVitto alleged that Joel breached
agreements to pay him unspecified royalties based on sales of
11 albums that were recorded between 1975 and 1990, and which
collectively sold more than 100 million units worldwide.

Joel’s recording company, Sony Music Entertainment Inc
(6758.T: ), was also named as a defendant.

“The case has been amicably resolved,” said Paul LiCalsi, a
partner at Mitchell Silberberg & Knupp LLP in New York, who
represents Joel. He declined to discuss settlement terms.

DeVitto’s lawyer did not immediately return a call seeking
comment.

A notation that the lawsuit has been dropped appears on the
docket of the New York State Supreme Court in Manhattan.

The case is DeVitto v. Joel et al, New York State Supreme
Court, New York County, No. 107122/2009.

Stock Market Money

(Reporting by Jonathan Stempel; Editing by Richard Chang)

Billy Joel, ex-drummer settle royalty lawsuit