Posted on 08/22/2018 at 04:00 PM by Sadye Scott-Hainchek
The real-life Wolf of Wall Street has ceded some ground in the battle over book royalties, according to Bloomberg.
Jordan Belfort and his lawyer had tried to argue that royalties from the sequel to his memoir should not be seized as restitution.
Half of the sum in question, they had said, was owed to Belfort’s co-author; the other, to an entity called J.B. Global Inc.
On Sunday, Belfort’s lawyer wrote the judge to say Belfort would turn over the nearly $19,500 in question and is trying “’to negotiate a resolution’ regarding future payments from the publisher,” Bloomberg reported.
Belfort’s memoir, Wolf of Wall Street, became a critically acclaimed movie starring Leonardo DiCaprio.
The royalties, in this case, are coming from the sequel to that book, Way of the Wolf.
Read more on the background of this case on Bloomberg’s website.
Categories: Today in Books