WORTH REPEATING: All That Glitters Is Not Gold

Illustration by STEPHANIE DAVIDSON via Bloomberg Businessweek

BLOOMBERG BUSINESSWEEK: In a cramped suburban Philadelphia office piled high with file folders and documents, Francis Malofiy grabs a steel-stringed acoustic guitar from the corner and places it on his knee. As the 38-year-old lawyer starts to play, the first few notes sound unmistakably like those in Stairway to Heaven.

Or do they? Malofiy claims Led Zeppelin filched the iconic arpeggio from a long-forgotten band named Spirit. According to his copyright infringement suit, the tune he’s playing is actually called Taurus, and it was used by one of the biggest rock bands ever in its most famous song—without credit to a guitarist who died in obscurity. That’s what Malofiy plans to tell a Los Angeles jury next month in a case that arguably threatens Led Zeppelin’s place in the rock ‘n’ roll firmament and to dent the half-billion dollars the song has earned.

Malofiy, like many his age, grew up with Led Zeppelin posters tacked to his bedroom wall. That teen adulation has since dissipated, due to what he says is a lack of originality. “They’re the greatest cover band of all history,” Malofiy contends. Short on time, he puts down the guitar and returns to digging out papers and assembling last-minute filings, trying not to miss a flight to Los Angeles for a pretrial hearing. His ramshackle digs, located in a two-story brick building he shares with a few doctors, are the unlikely staging ground for a David-and-Goliath battle worthy of, well, a Led Zeppelin song.

Early last month, a federal judge ruled that Jimmy Page, the band’s guitarist, and singer Robert Plant, the credited writers of Stairway to Heaven, should face trial over the song’s provenance, putting tens of millions of dollars on the line. To get this far, Malofiy has survived an onslaught of legal pokes, pivots, and frontal assaults from well-funded opposing counsel, led by Helene Freeman of New York’s Phillips Nizer and Peter J. Anderson of Santa Monica, Calif., who have represented Sony Corp., Madonna, and even the band *NSYNC.

Malofiy’s lawsuit is the climax of an intensifying drumbeat of similar allegations leveled at Led Zeppelin over the years. American blues and folk songwriters from whom the British band drew inspiration have brought legal challenges for decades, often successfully. Since its 1969 debut album, Led Zeppelin has altered the credits and redirected portions of its royalties for some of its biggest songs, including Whole Lotta Love and Babe I’m Gonna Leave You. A copyright infringement suit over Dazed and Confused was settled in 2012. Now the band’s biggest hit is under scrutiny.

Malofiy gives the impression he’d like to be a rock star, too, and not just your run-of-the-mill intellectual-property litigator.Sporting a beard, leather jacket, and a white bandana topped by a trilby, he looks like a cross between Frank Sinatra and Keith Richards. As an attorney, he brings flourishes to his cause that might get others laughed out of court. His original complaint was filed using a typeface based on Led Zeppelin album-cover art. His attaché bags are sawed-off, velvet-lined Fender guitar cases (one tweed, one black), and they match the harmonica boxes he uses to store his courtroom supplies.

Now, Malofiy just needs to get to the airport. The lawyer’s 1972 Chevy pickup, parked in front of his building, won’t start. He summons a friend who works at Philadelphia’s Navy Yard. Minutes later, a 1984 Oldsmobile lowrider with peeling, red paint pulls up, and we jump in. Arriving at the terminal with only minutes to spare, heads turn as Steely Dan’s Hey Nineteen blasts from the car’s custom sound system. MORE