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NINE INCH NAILS' TRENT REZNOR Sues Former Manager For 'Fraud and Deceit'

May 19, 2004

Hits Daily Double is reporting that NINE INCH NAILS mastermind Trent Reznor has sued his ex-manager (and longtime friend) John Malm, along with business manager/accountant Richard Szekelyi, charging their Ohio-based J. Artist Management (JAM) company with "fraud and breaches of fiduciary duties," and swindling millions of dollars.

The suit reportedly seeks to "undo years of abuse of fiduciary duty … owed to Reznor, undo the numerous unconscionable contractual arrangements and unwind the numerous companies [they] created, confirm rightful ownership of intellectual property and compensate Reznor for the millions of dollars wrongfully taken from him."

Reznor has petitioned the court to open up the books to determine how much is actually owed to him.

Reznor, who had Malm as his manager since the mid-'80s, fired him about a year ago, and is now repped by Jim Guerinot's Rebel Waltz. [Read more]

(Thanks: The NIN Hotline)

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