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April 6, 1969
Record World Magazine


Stogel Files $260,000 Suit

A $260,000 damage suit alleging, among other things, misuse of funds, has been filed against Neil C. Reshen, Inc., a business management firm, by Leonard Stogel & Associates, Ltd., Gregg Yale, Inc., and Akbestal Music, Inc., Heroic Age Publicity, Inc., and Country Wide Tours.

The action was filed March 21 in the Supreme Court of the State of New York, County of New York, by Attorney Louis C. Fieland on behalf of the three complainant organizations, and alleges that "defendants wilfully converted to their own use a substantial portion of the monies collected by them on behalf of each of the plaintiffs."

Suit asks actual damages in the amount of $65,000, and exemplary damages at $195,000.

Complaint further charges that "the defendant corporation failed to perform services required of it (under various agreements with plaintiffs) failed to collect all the gross income due to each of the plaintiffs, failed to maintain a proper book of accounts, and failed to properly account to each of the plaintiffs."

Stogel, whose personal management firm represents such acts as the Cowsills, Boyce and Hart and Lee Michaels, was formerly headquartered in New York, where the Reshen firm served as his business managers for about a year. Stogel recently moved his companies to Hollywood, where the firms are headquartered at 9255 Sunset Blvd.

Reshen's firm was also formerly the business manager for the Cowsills and Tommy James and the Shondells.


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