Rihanna - Rihanna Sues Accountants Over Millions In Lost Earnings
Rihanna has filed a lawsuit against her former accountants, claiming that their mismanagement of her finances cost her millions of dollars on her 2010 'Last Girl On Earth' tour. The Wall Street Journal reports that the company being sued is Berdon Llp, with two accountants being accused of causing "significant financial issues".
"Between 2005 and 2010, Tourihanna suffered significant financial losses due to Defendants' financial mismanagement and other acts and omissions," the lawsuit states. Tourihanna was the concert touring company established by Berdon on Rihanna'S behalf, according to the suit. She is reportedly seeking unspecified damages in a suit that is apparently portraying her as a financial amateur who trusted the company a great deal and subsequently feels that they have betrayed that trust.
"In 2005, when Fenty (RiRi's surname) was 16 years old, Berdon was hired to provide her with accounting, business and financial management services for all aspects of her rapidly growing music career," the lawsuit stated. "Because she was a minor with no knowledge of the music industry or financial matters generally, Fenty placed Berdon in a position of trust and loyalty." Among other allegations, were those levelled at the two accountants hired to manage her finances, claiming that they earned "commissions" based on the singer's gross receipts - something not standard in the accounting industry, according to the lawsuit, which called the commissions "exorbitant and excessive."