Johnny Depp sues lawyer for swindling

Image
IANS Los Angeles
Last Updated : Oct 18 2017 | 7:13 PM IST

Actor Johnny Depp has sued his lawyer over claims that he conspired with Depp's former financial manager to swindle $40 million of his wealth.

The "Pirates of the Caribbean: Dead Men Tell No Tales" actor sued Jacob A. Bloom and his law firm Bloom Hergott Diemer Rosenthal & LaViolette, in a new complaint filed on Tuesday, reports tmz.com

The suits claimed that Bloom and the entertainment law firm committed "professional malpractice, breach of fiduciary duty and unjust enrichment", ultimately costing the actor tens of millions of dollars.

"Johnny Depp's lawsuit filed today reflects his continued stand against systemic, self-serving Hollywood practices that he hopes this lawsuit will expose and end," said Depp's lawyer Adam Waldman.

In the new complaint, Depp claimed that "instead of protecting Mr. Depp's interests, Bloom and his firm engaged in misconduct for their own financial benefit and violated some of the most basic tenets of the attorney-client relationship".

The complaint also alleged that Bloom "improperly and negligently collected over $30,000,000 in voidable contingent fees" from his variable income over the years without a legally binding contract under California law.

Depp claimed in the new complaint that he lost out on approximately $32,000,000 in residual payments from his films over a three-year period due to the manipulated terms of the loan.

--IANS

ks/rb/bg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 18 2017 | 7:06 PM IST

Next Story