Johnny Deppand his former business managers have ended a contentious lawsuit that saw the details of the star’sfinancial expenditureslaid bare.
“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,” an attorney for Depp says in a statement to PEOPLE. “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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ThePirates of the Caribbeanstarsued his former business teamat The Management Group (TMG) for $25 million in a fraud lawsuit in January 2017. TMGfired back with a cross-complaint the next month, claiming the actor lived an “ultra-extravagant lifestyle that often knowingly cost Depp in excess of $2 million per month to maintain, which he simply could not afford.”
Depp claimed in his initial complaint that his managers’ negligence had cost him millions, but in their response, TMG painted him as a compulsive spender who blew his $650 million fortune on mansions, yachts, cars, collectables and booze.
“It’s insulting to say that I spent $30,000 on wine,” Depp said, referring to the suit alleging that the actor spent that much on wine a month. “Because it was far more.”
WATCH: Lawsuit Claims Johnny Depp Is in Financial Crisis Due to Spending $2 Million a Month on ‘Ultra-Extravagant Lifestyle’
He also took issue with another TMG claim concerning the cost of shooting his friend and famed journalist Hunter S. Thompson’s ashes out of a cannon. TMG claimed the send-off cost $3 million, but Depp puts the figure a tad higher.
“By the way, it was not $3 million to shoot Hunter into the f—– sky,” Depp corrected. “It was $5 million.”
In the end, Depp admitted the legal battle had taken a personal toll. “My son had to hear about how his old man lost all his money from kids at school, that’s not right,” he complained.
source: people.com
