Lawsuit: Depp $2M monthly spending to blame for money woes

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Depp was repeatedly warned by the company that his spending was out of control but ignored his former advisors’ advice to control his spending, the lawsuit said.

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“Depp, and Depp alone, is fully responsible for any financial turmoil he finds himself in today,” the lawsuit stated.

Depp sued The Management Group on Jan. 13 seeking more than $25 million he contends was mismanaged.

The company handled his finances from 1999 until early 2016, an especially lucrative period in the actor’s career.

During that time, Depp launched the blockbuster “Pirates of the Caribbean” franchise and other big-budget releases, including “Alice in Wonderland” and the 2005 film “Charlie and the Chocolate Factory.”

Depp’s attorneys did not immediately respond to email and phone messages seeking comment.

The countersuit seeks a judge’s ruling that Depp is to blame for his financial troubles, and $560,000 in fees The Management Group said it is owed.

Depp is not the first blockbuster star to take his former managers to court alleging mismanagement.

Nicolas Cage sued his former business manager seeking $20 million for alleged mismanagement in 2009 and the manager in a countersuit cited the actor’s spending for his financial troubles. The case was resolved before trial.

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Anthony McCartney can be reached at http://twitter.com/mccartneyAP

Anthony McCartney, The Associated Press