17 July,2018 03:36 PM IST | Los Angeles | IANS
Johnny Depp
Hollywood actor Johnny Depp has reached a settlement in his legal battle with the Management Group, averting a trial that was set to begin next month. Depp sued his former managers in January 2017, accusing them of spending millions of dollars without his permission. He sought $25 million in damages, including years worth of professional fees.
The Management Group, led by Joel and Robert Mandel, filed a countersuit alleging that Depp was responsible for his own financial straits, and documenting millions of dollars of expenditure on wines, luxury homes, household staff, art, private jets, security and a cannon to blast Hunter Thompson's ashes. The terms of the settlement were not disclosed, reports variety.com.
"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," Depp's spokesperson said in a statement.
"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," the spokesperson added.
ALSO READ
Zayn Malik postpones US tour due to Liam Payne's tragic death
Liam Payne's ex-girlfriend Cheryl Cole pleads for privacy for their son Bear
Review of Super/Man: The Christopher Reeve Story documentary
Goodrich movie review: Keaton shines bright in an addled formulaic family drama
Denise Richards reveals she auditioned for 1995 film Showgirls
The trial was scheduled for August 15. The two sides had a mediation with Peter Lichtman, a retired judge who serves as an arbitrator.
Depp still has a pending suit against Jake Bloom, his former attorney whom he accused of malpractice.
Catch up on all the latest entertainment news and gossip here. Also download the new mid-day Android and iOS apps to get latest updates
This story has been sourced from a third party syndicated feed, agencies. Except for the change in headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever