Johnny Depp filed a lawsuit seeking compensation of at least $25 million
from The Management Group after he alleged they mishandled his finances. In a
countersuit, his former managers didn't hold back, claiming he has no-one but
himself to blame for his financial troubles.
In documents filed in Los Angeles County Superior Court, Joel and Robert
Mandel claim they repeatedly warned Depp that he was overspending, according to
The Hollywood Reporter.
'Depp lived an
ultra-extravagant lifestyle that often knowingly cost Depp in excess of $2
million per month to maintain, which he simply could not afford,' attorney
Michael Kump wrote in the cross-complaint. 'Depp, and Depp alone, is fully
responsible for any financial turmoil he finds himself in today.'
According to TMG's
claims, the actor spent $75 million on the purchase of 14 residences including
a chateau in France, splashed out $18 million on a luxury yacht and paid more
than $3 million to blast the ashes of author Hunter Thompson over Aspen,
Colorado, from a specially-made cannon. This is in addition to spending $30,000
a month on wine, travelling by private jet and maintaining 12 storage
facilities housing his fine art and memorabilia collections.
The management company is
seeking $4.2 million it claims he still owes the company. Variety reported on
January 13th that Depp accused his former managers of 'gross misconduct' that
led to him losing 'tens of millions of dollars'. He alleged the company had
failed to file or pay his federal taxes on time costing him millions in fees
and fines and lent $10 million of his money to a third party without his
knowledge. It is the latest troubling episode for the Pirates Of The Caribbean
star who had to fork out $7million in divorce settlement to ex-wife Amber Heard.
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