Johnny Depp, ex-managers settle lawsuit over finances

17 Julio, 2018, 07:14 | Author: Gregg Anderson
  • Epsilon via Getty Images            
                    Johnny Depp

Johnny Depp has settled a multimillion-dollar lawsuit against his former business managers. He sought $25 million in damages, including years worth of professional fees.

A source close to The Management Group, the Los Angeles company that had handled Depp's affairs for 17 years until being fired in 2016, said it was "pleased with the settlement".

Jury proceedings in the case had been due to begin on August 15, but on Monday, it was revealed the two sides had reached an agreement following a scheduled weekend mediation session with an arbitrator. "The other side of case sees The Management Company arguing Johnny's claims, saying they warned the actor of his insane spending habits such as "$30,000 a month for wine, $500,000 in rental fees for storage warehouses that held his Hollywood collectibles, $200,000 for a private jet".

'The lawsuit taken out against The Management Group - and the subsequent settlement - is a further demonstration that Johnny is determined to take firm action to protect his personal and artistic reputation in the interests of his family and his career'.

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However, Johnny - who finalized his bitter $7M divorce from second wife Amber Heard in 2017 - is still suing his former attorney Jake Bloom, whom he accused of malpractice.

The Golden Globe victor claimed to Rolling Stone last month: '[This lawsuit] will change Hollywood forever. The magazine reported that Depp and his attorney, Adam Waldman, believed the suit would "change Hollywood forever".

The settlement came as promotions were gearing up for "Fantastic Beasts: The Crimes of Grindelwald", a spinoff sequel from the "Harry Potter" movies in which Depp plays a younger version of Grindelwald, who embodies the dark forces in the wizarding world.

"Johnny extends his most honest thanks and appreciation to the true supporters that have shown their loyalty to both him and his family over recent years".

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