Johnny Depp settles lawsuits involving former managers

2018-07-17 08:36

Los Angeles — Johnny Depp has settled lawsuits with his former business managers that put a spotlight on the actor's spending.

Depp's representatives said on Monday that the Pirates of the Caribbean star had settled litigation filed against The Management Group, which he accused in January 2017 seeking more than $25m over alleged financial abuse and negligence. No details of the settlement were released.

The firm countersued and argued that Depp was solely to blame for his money troubles, spending more than $2m a month.

READ MORE: Johnny Depp's former business managers countersue for $560k

The cases had sparked name-calling on both sides, with a spokesperson for Depp's former managers calling the actor a "habitual liar" in August 2017.

Lawyers for The Management Group declined comment.

Depp's spokesperson said the actor would now focus on his film and music careers.

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