It’s been a minute since Johnny Depp’s messy money troubles with his former management company, and the situation has gotten messier. Johnny is now suing his former lawyers. But wait, it gets better: He’s accusing them of conspiring against him with his former management company with an evil plot to rob him blind.
Johnny Depp filed a $25 million lawsuit against his former business managers at The Management Group back in January. TMG shot back, saying that Johnny is going broke because he spends his money on stupid rich guy shit. Johnny filed another lawsuit yesterday, this time against Jacob A. Bloom and the entertainment law firm Bloom Hergott Diemer Rosenthal LaViolette Feldman Schenkman & Goodman, LLP (who he hired back in 1999). He claims that Bloom ripped him off, all thanks to some financial sloppiness from TMG.
According to People, Johnny alleges that TMG took out huge secret loans on his behalf and repaid them with residual payments from movies. Johnny claims TMG wasn’t the only one taking out loans on his dime. He accuses Bloom and his pals at BHDRLFS&G of taking out a hard interest loan with a huge interest rate and manipulated the terms of the loan for their own financial benefit, as well as for the benefit of TMG.
Due to the terms of the loan, Johnny claims he lost out on about $32 million in residual payments from his movies over a three year period. He also claims he’s responsible for $5 million on the loan, which “continues to capitalize substantial interest at unreasonable rates” and fees. Damn, where did they get this loan, a shady E-Z-cash payday storefront in a strip mall next to a Little Caesars?
Johnny also accuses them of collecting over $30 million in voidable contingent fees. That would put Johnny’s lost money total up to…shit, I lost count. A billion? Probably.
TMZ says that this situation was made more questionable by the fact that Jacob Bloom and BHDRLFS&G kept Johnny as a client for a number of years, in which he paid them tens of thousands of dollars in attorney fees. And never once did they have Johnny sign a retainer agreement.
Here’s where Johnny figured TMG and Bloom and Co. were working together. A former TMG employee who was in charge of the day-to-day management of Johnny’s account allegedly testified that Jacob Bloom submitted hundreds of thousands of dollars in “expenses” to TMG with zero explanation.
TMG then, allegedly, paid them without question using Johnny Depp’s funds. Johnny alleges that nothing was sent to him for approval. To be fair to TMG, Johnny lives his life in a constant state of pirate cosplay. Maybe they did try to send him approval requests, but no one at TMG could figure out the whole old-timey message in a bottle situation.