|Diddley (AP) Judge Approves Bo Diddley Assets Sale
Posted: May 10, 2011
GAINESVILLE, Fla. (AP) -- A Florida judge has ruled that Bo Diddley's former managers can sell the late rock 'n' roll legend's assets and take a 15 percent commission.
Levy County Circuit Judge Robert Roundtree ruled Friday that the sale of the estate assets was necessary to pay off the former Florida resident's debts.
Diddley's family opposed selling the publishing rights to his music catalog, which is worth an estimated $4.3 million. The singer's estate attorney, agent and manager argued the sale was needed to pay an estimated $1.1 million IRS debt.
One of the managers, Faith Fusillo, said the judge agreed that the sale was in the best interest of the estate. Diddley's grandson, Garry Mitchell, told The Gainesville Sun that the family believes the managers had been overpaid.
Diddley died in 2008 at age 79.