The Management Group, Johnny Depp’s former business team, is being sued by the critically acclaimed actor.
He is asking for more than $25 million and is charging them with fraud and negligence. In an interview, he said that these managers “clearly let him down.”
Well, now The Management Group, run by brothers Joel and Rob Mandel, is not going down without a fight. They rebutted, calling him a “habitual liar who denies responsibility for his own outrageous conduct and coerces others to lie for him.”
They are now counter-suing him, saying that he spent too lavishly on private jets, homes and memorabilia even though they warned him not to.
This brings to question their choice not to drop him as a client if they noted his prolific spending.
Depp’s lifestyle cost more than $2 million a month to maintain, with him being responsible for the purchase of over 14 homes, a French Chateau and a chain of islands in the Bahamas. Overall, the homes cost more than $75 million. When asked about these purchases, Depp said, “it’s my money.”
“If I want to buy 15,000 cotton balls a day, it’s my thing,” he added.
Depp also took legal action against The Management Group on Tuesday. The Journal reports his lawyers said in filings in Los Angeles Superior court that they have “significant new information, including documents and testimony” from a former Management Group employee concerning “misconduct in managing Mr. Depp’s affairs.” Depp’s lawyers were responding to The Management Group’s effort to keep the employee’s testimony out of court.
The business team’s spokesman says Depp “relying on dishonest, discredited statements from a vindictive former TMG employee who was fired seven years ago_at which time the employee vowed to get TMG back.”
“Johnny Depp and his sister were involved in every significant business decision during the 17 years TMG represented him,” Shane said. “Depp now admits to his extravagant spending but blames TMG for not dropping him as a client.”