Johnny Depp’s Superfluous Spending Led to Money Loss, Claims Countersuit
Johnny Depp’s former business managers have brought a countersuit against the actor, claiming his reckless spending caused him to lose a considerable amount of his own money — not any monetary mismanagement on their part.
The Management Group’s (TMG) countersuit — which was filed in Los Angeles Superior Court yesterday (January 31) — comes two weeks after Depp initially sued the organization, claiming they mishandled his finances, which led to a loss of millions of dollars.
But TMG says that’s not the case, claiming the Pirates of the Caribbean actor often refused to curb his spending, despite several warnings from the company to do so.
"Depp often responded by rebuking and cursing his business managers for issuing such warnings and advice," they wrote, via the New York Daily News, "while increasing his extravagant lifestyle and spending, and demanding that his business managers continue to find some way to pay for it all."
Depp, it seems, spends money the way only a caricature of a famous rich person could.
Johnny Depp spent $3 million to blast Hunter Thompson’s ashes out of a cannon. He spent $18 million on an 150-foot yacht. He spent $4 million on a failed record label. He spent $30,000 a month on wine, $200,000 a month on private planes, $150,000 a month on round-the-clock security, and $300,000 a month to maintain a staff of 40 people.
Despite the initial lawsuit, where the Chocolat actor accuses the company of draining his finances via unauthorized loans and other spending Depp hadn’t approved, TMG maintains Depp was kept abreast of his superfluous spending.
"Johnny Depp alone was solely responsible for his extravagant spending. Over 17 years, The Management Group (TMG) did everything possible to protect the actor from himself," TMG alleged. "In fact, when Depp's bank demanded repayment of a multi-million-dollar loan and Depp didn't have the money, the company loaned it to him so that he would avoid a humiliating financial crisis."
The company continued, claiming, "Over 30-years, TMG has never been sued by a client. The only reason Depp filed this lawsuit was to interfere with TMG's ongoing efforts to be repaid on the loan they had made to bail him out. TMG worked day and night to professionally manage Depp's business affairs, adhering to the highest standards."
TMG is reportedly suing Depp for breach of contract and is seeking damages of $560,000. They also want the court to admit, "Depp is responsible for his own financial waste."
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