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Johnny Depp sues ex-managers claims millions in losses

Johnny Depp is a lawsuit filed in Los Angeles Superior Court against The Management Group wants more than $25 million, to know the owners don’t properly pay taxes, made unauthorized loans to, and paid for the security and other services.

(Reuters)

LOS ANGELES – Johnny Depp sued his former business managers on Friday claimed they mismanaged his earnings in a lucrative period of his career, although the company says that the actor is the expenditure to count.

Depp’s lawsuit filed in Los Angeles Superior Court against The Management Group wants more than $25 million, to know the owners don’t properly pay taxes, made unauthorized loans to, and paid for the security and other services.

Michael J. Kump, an attorney for The Management Group, interviews, Depp’s lawsuit a “fabrication” and wrote in a statement that Depp never an alleged violation. The company “did everything possible to protect Depp from his irresponsible and scottish expenditure,” Kump wrote.

Depp’s lawsuit accuses the company and its owners, lawyers, Joel and Robert Mandel, of receiving $28 million in payments for their services on the approximately 16 years she managed the finances. The company “actively, concealed the true state of Mr. Depp finances while driving him deeper and deeper into financial distress,” the lawsuit states.

Depp hired the Mandels in 1999, and their compensation is not subject to a written contract, his lawsuit states. The sets she was given 5 percent of its income on hit films such as ‘Pirates of the Caribbean” franchise and other large items of expenditure, including “Alice in Wonderland” and the 2005 film “Charlie and the Chocolate Factory.”

It enables the company does not file Depp is the income tax on time, cost him nearly $5.7 million in penalties. The lawsuit also claims that the company paid for a number of services, including forgetting to terminate the lease on a house where Depp’s mother lived temporarily, and spending $8 million on safety between 2012 and 2015 alone.

Depp has learned from the problems after the appointment of a new management company in March 2016, the complaint states.

Kump wrote that Depp gets The Management Group $4.2 million of $5 million on the loan that they provide to the actor. “His tactics, and the lawsuit will fail, and he will be forced to pay back the loan as promised,” Kump wrote.

The lawsuit came on the same day Depp completed his divorce from actress Amber Heard. Their divorce judgment calls for the actor to his ex-wife $7 million in installments — for which it is intended for two good causes — while he has many properties and vehicles.

Depp is not the only blockbuster star to take his former managers for the judge’s alleged mismanagement. Nicolas Cage sued his former business manager, is seeking $20 million for the alleged mismanagement in 2009 and the manager in a countersuit cited the actor, the expenditure for its financial problems. The case was resolved before trial.

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