DEPP SETTLES DISPUTE WITH EXMANAGERS
The actor had sought $25m in compensation from his former business managers, who then filed a countersuit against him
Hollywood star Johnny Depp has settled lawsuits with his former business managers, averting a trial that was set to begin next month.
The 55-year-old actor sued his former managers in January 2017, accusing them of spending millions of dollars without his permission. Depp sought $25 million (₹171 crore approx.) in damages.
The Management Group, led by Joel and Robert Mandel, filed a countersuit, alleging that Depp was responsible for his own financial straits, and documenting millions of dollars of expenditures on wine, luxury homes, household staff, art, private jets, security, etc.
According to Variety, the terms of the settlement were not disclosed. “Johnny Depp is pleased to have achieved a settlement agreement with The Management Group following the legal action he took against the company in January 2017.
“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,” a Depp spokesperson said in a statement.
This case was settled through mediation. Depp still has a pending malpractice suit against Jake Bloom, his former attorney.
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.
JOHNNY DEPP’S REPRESENTATIVE