Does Johnny Depp Really Spend $2 Million a Month?
by EG
It doesn't matter whether Johnny Depp spends $2 million a month, according to an L.A. judge who on Monday ruled that the actor's headline-grabbing spending habits aren't currently relevant to his legal battle with his ex-business managers.
The highly contentious legal battle began in January, with Depp suing The Management Group and its principals, Joel and Robert Mandel, for allegedly collecting millions in fees without his consent, loaning his money without his knowledge and racking up unnecessary tax penalties and fees. TMG fired back in an explosive cross complaint that said Depp's proclivities for the finer things like expensive wine, memorabilia and real estate and his refusal to listen to their advice led to his dire financial state.
TMG had asked the court for a declaration that "Depp authorized and directed all of TMG’s payments on his behalf; (2) TMG always filed Depp’s tax returns timely and only failed to pay the full extent of Depp’s tax obligations because Depp was squandering vast sums of money and had insufficient funds to timely pay all of his taxes; and (3) Depp caused his own financial waste by acting directly contrary to TMG’s repeated advice over the last 17 years and the advice of numerous of Depp’s other advisors."
Read the rest of this article at The Hollywood Reporter.
Johnny Depp has recently appeared in Pirates of the Caribbean: Dead Men Tell No Tales.