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.
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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.
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