Nine Inch Nails‘ Trent Reznor was awarded $2.95 million on May 27th, when a Manhattan federal court jury ruled that the musician’s former manager had bilked him out of millions of dollars. During the three-week trial, which kicked off just as the new NIN album, With Teeth, debuted at Number One, Reznor testified that the manager, John Malm, had fraudulently withheld millions of dollars over almost fifteen years – leaving Reznor, who had sold 20 million albums worldwide, with just $400,000 in the bank. Malm’s attorney, Alan Hirth, countered that his client had been loyal to Reznor and kept him informed of all business decisions. Says NIN’s current manager, Jim Guerinot, “Trent’s very pleased to have his property restored and have this chapter behind him.”
This story is from the June 30th, 2005 issue of Rolling Stone.