LATEST: British rocker Rod Stewart took to the stand in a Los Angeles court on Wednesday (27OCT04), accusing prosecutors of breaking a deal.

Three South American promoters are suing the MAGGIE MAY hitmaker for $2 million (GBP1.1 million) for failing to return the deposit for nine cancelled gigs across the continent.

At the opening day of the trial on Monday (25OCT04) the promoters' lawyer DENNIS HOLAHAN told the jury Stewart kept a $780,000 (GBP430,000) cash advance out of "greed and arrogance".

Stewart claims the promoters did not pay the complete bill for the shows, and after giving them enough time to do so, they failed to come up with money, so he cancelled the concerts.

At the stand yesterday, Stewart said, "As far as I'm concerned, a deal is a deal."

The 59-year-old added he was "very fond" of Latin America and we would have loved to perform at the nine dates.

Stewart is countersuing promoter HOWARD POLLACK of PM GROUP INC, demanding the remainder of the $2.1 million (GBP1.16 million) contract he signed.

The trial continues.

28/10/2004 17:35