14 January 2017
On the same day Johnny Depp finalized his divorce from Amber Heard, the Pirates of the Caribbean star has launched a 25 million-dollar (£20.5m) court action against his former business managers.
Depp filed a lawsuit against The Management Group (TMG) over claims he has been the victim of “gross mismanagement” which has cost him “tens of millions of dollars”.
According to documents filed with the Los Angeles Superior Court, Johnny, 53, claims the company and its owners, Joel and Robert Mandel, failed to properly pay his taxes, made unauthorised loans and overpaid for security and other services.
He has filed 11 complaints, including fraud, breach of contract and professional negligence, and is seeking damages of more than 25 million dollars.
The complaint states: “As a result of years of gross mismanagement and sometimes outright fraud, Mr Depp lost tens of millions of dollars and has been forced to dispose of significant assets to pay for TMG’s self-dealing and gross misconduct.
“In essence, TMG treated Mr Depp’s income as their own, available to either TMG or third parties to draw upon as desired.”
Lawyer Michael Kump, representing TMG, said Johnny’s lawsuit was a “fabrication” and the firm did “everything possible to protect Depp from his irresponsible and profligate spending”.
He also claimed the actor owed TMG 4.2 million dollars (£3.4m) from a five million-dollar loan it provided.
“His tactics and lawsuit will fail, and he will be forced to pay back the loan as promised,” Mr Kump added.