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Per the los angeles times, joel sued his former manager frank weber for $90 million in 1989 for fraud and breach of financial duty Here's what he said billy joel is undeniably one of the greatest living musicians. In 1989, joel filed a lawsuit against weber for $90million, accusing him of fraud and violating financial responsibilities.
Billy Joel - Insights
Billy joel has revealed he was furious after realising his manager's betrayal Hollywood news billy joel recounts fallout after alleged betrayal by his former manager In the early stages of billy joel's career, he experienced careless financial moves and lost tens of millions after trusting his former manager.
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The endless puns in the headlines didn't help when billy joel lost tens of millions The joke was that joel had trusted his former manager, the godfather to his daughter no. Weber's brother, frank, was billy's business manager back in the 70s and 80s Billy eventually sued him for $90 million for embezzlement
Of the total, $10 million or so was in actual losses. Directors susan lacy and jessica levin take an intimate approach to billy joel's story, focusing on his tumultuous love life, especially his complex relationship with elizabeth weber, his first wife and former manager, in their new docuseries And so it goes premiered on july 18. Ultimately, billy's former manager filed for bankruptcy, and the whole lawsuit fell apart
After the court, the piano man settled for just $8 million in damages.
The suit claims that the former manager mishandled about $30 million of billy joel's money, and he is seeking $60 million in damages Weber filed a countersuit in damages for $11 million.
