The March 4, 2002 issue of People contains the pic above with the following:
In a year marked by corporate scandal and financial ruin, Sylvester Stallone is waging his own battle. The Rocky star watched as his more than 3.9 million shares of Planet Hollywood stock, which he received as payment for promotional work, dwindle in value from $20 a share to 10 cents each. Stallone blames his former business manager Kenneth Starr [no relation to the Lewinski prosecutor] for alledgedly telling him that ‘it would send the wrong message to the market” if he sold, while counseling other investors to cash out. Stallone, 55, who teamed with Arnold Schwarzenegger and Bruce Willis to revive the franchise in 1995, claims he lost $10 million after the chain filed for banruptcy in 1999. He’s suing Starr for $17.3 in damages. [Schwarzenegger got out two years ago; Willis is still very much invested,” says his rep.] Ben Fields, a rep for Starr, whose clients reportedly include Warren Beatty and Al Pacino, told Daily Variety that Stallone‘s claims were “utter hogwash.” He adds, “I call him Stallone the Suer.” Says Starr spokesman Dan Klores: “[He] has sued or been sued by everyone from his stepfather to his landscapers, architects, production companies, producers… and wives.” Responds Sly‘s attorney: “My client will set the record straight.” Stay tuned.
Thanks to Ernest “Jazzman” Resendes for the pic and article!