Johnny Depp Sues His Business Managers For $25 MillionPublished on January 16, 2017.
It seems legal troubles just won’t end for Johnny Depp these days. On the same day that the actor’s extremely drawn-out and expensive divorce from Amber Heard was finally finalised, it was revealed that Depp had then filed lawsuit against his own business managers.
According to the filing, the 53-year-old actor claimed that his managers had caused him to lose “tens of millions of dollars” over the course of several years due to “gross misconduct.” In the documents, Depp claims the defendants as The Mandel Co, The Managament Group, and more for the mismanagement of his funds, stating he lost at least $25 million.
In the complaint, Depp’s attorney Matthew Kanny states, “Mr. Depp is one of the most sought after and highly paid actors in the world. He is also the victim of the gross misconduct of his business managers — The Management Group and attorneys Joel and Robert Mandel — who collected tens of millions of dollars of contingent fees, purportedly based on an oral contract, all at Mr. Depp’s expense.”
According the star, the losses have become so great that he has had to sell off some of his assets, and he is also requesting a jury trial as well as a payment of at least $25 million in damages.
An attorney for TMG and the Mandels has already issued a response following Depp’s filing on Friday, January 13, claiming that the lawsuit was “a transparent attempt to derail the foreclosure by concocting and spreading malicious lies,” and add that Depp’s financial problems are actually due to his own “irresponsible and profligate spending.”