Rihanna sued her former accountants Thursday, accusing them of being blundering beancounters who squandered millions of her dollars and got her audited by Uncle Sam.
The singer's lawsuit in Manhattan Federal Court accuses Berdon LLP of New York and two of the company's accountants of breach of contract and negligence, among other claims.
The lawsuit seeks unspecified damages and was filed under her real name, Robyn Fenty.
The suit says Rihanna hired Berdon as her financial manager in 2005 when she was 16 and her music career was just getting off the ground in her native Barbados.
It alleges Rihanna lost millions of dollars on her 2009 "Last Girl on Earth Tour" because Berdon failed to properly manage her cash flow, expenses and touring income.
It also accuses Berdon of mismanaging Rihanna's taxes, including failing to file tax returns in certain instances.
As a result of the firm's negligence, the suit says, Rihanna is now being audited by the IRS for the tax years 2008 to 2010.
The suit also blames Berdon with failing to uncover millions of dollars in unpaid royalities owed to the singer.
And it says Berdon was negligent in failing to discourage Rihanna from buying a home in Beverly Hills during her money-losing "Last Girl on Earth" tour.
The suit says Rihanna fired Berdon in September when she learned for the first time the extent of the alleged mismanagement.
"Despite having earned millions of dollars in revenues during Berdon's tenure Fenty learned that her net income after payment of expenses and exorbitant commissiones to defendant was a fraction of that amount," the suit says.
© 2024 Created by WORLD WRAP FEDERATION. Powered by
You need to be a member of WORLDWRAPFEDERATION.COM to add comments!
Join WORLDWRAPFEDERATION.COM