Jul 26, 2006 • 1 min read

James Brown sues David Pullman over bond dealings

James Brown is suing banker David Pullman, who arranged copyright bonds for him similar to David Bowie's, claiming Pullman failed to make funds available when needed.

Oh, this is kinda city news. The man behind the so called 'Bowie Bonds' (the method used by David Bowie and his accountants back in the early nineties to secure a big cash payment from an investment firm in return for giving up the royalties of his copyrights for a set period), is being sued by James Brown over dealings relating to a similar copyright bonds initiative. Banker David Pullman, who has done bond deals for Bowie and others, was involved in James Brown's bond dealings but, the singer claims, messed it all up by not making certain funds available when he needed them - Pullman apparently claims he kept the funds to cover fees he was owed, or something like that.

Brown is quoted as saying: "[Pullman] was my friend and I'm surprised and shocked he'd do this. [But] no matter what happens, I'll still be the hardest-working man in show business!"

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