Rihanna - Rihanna offered settlement in accountants case

Rihanna has been offered a settlement of over $10 million in her legal battle against her former accountants.

The 'Diamonds' hitmaker had taken action against Peter Gounis and his firm Berdon LLP, claiming their poor financial advice had led to her losing a reported $9 million in 2009, and though she was initially suing for $35 million, the New York Post newspaper claims the firm have offered a settlement and the paperwork to end the case will be signed later this week.

In her claim, Rihanna - whose real name is Robyn Fenty - said the firm advised her to buy a $7 million house, even though they knew she was ''bleeding cash''.

Her lawyer Edward Estrada wrote in legal documents: ''The defendants advised Ms. Fenty by e-mail that purchasing a home in Los Angeles 'would be a good investment' despite knowing Ms. Fenty was experiencing financial difficulties.''

The accountant was said to be aware the house was rotting from water and mould damage and needed over $1 million spending on improvements and repair work. The property was later sold at a $2 million loss.

In the lawsuit, Rihanna also claimed her 2009 'Last Girl on Earth' tour was losing money but she was never warned of this by the accountants.

Berdon previously claimed Rihanna's own ''financial action or inaction'' or those of people working for her caused her to lose money, not their decision-making.

They also dismissed the 'Only Girl in the World' star's previous objection she paid an ''above-average'' commission of 22 per cent as something she had signed off on herself.

The 25-year-old star is now worth an estimated $43 million.


Contactmusic

Tags: Rihanna

Advertisement

More Rihanna

Rihanna Slams CBS For Dropping Her Song Amidst The Ray Rice Scandal

Rihanna isn't happy with CBS and she is letting everyone know about it. The beef between the television network and the 26 year-old singer began...

Chris Brown Offers Advice To Ex-Baltimore Raven Ray Rice

Chris Brown has weighed in on the controversy surrounding footballer Ray Rice, offering advice and drawing on his own experiences following his 2009 assault conviction....

Chris Brown Opens Up About Drake Make Up And Admits He's 'Tired Of Holding Grudges'

Chris Brown has opened about wiping the slate clean with Drake after their highly publicised feud which involved a nightclub brawl back in 2012. Now...

Nude Pictures of Jennifer Lawrence Leak, But Hacker Is On Borrowed Time

Hundreds of explicit images of celebrities including nude photos of Jennifer Lawrence leaked onto the internet on Sunday (August 31, 2014) via the 4chan website....

Advertisement

Chris Brown And Rihanna Seen During The Warm-Up For Charity Basketball Game - Summer Classic Charity Basketball Game Part 3

Before the opening of the 2014 Summer Classic Charity Basketball Game at Barclays Centre in New York City, Chris Brown and Rihanna were both seen...

Rihanna Looks On As Ex, Chris Brown, Competes In Basketball Game - Summer Classic Charity Basketball Game Part 5

During the Summer Classic Charity Basketball Game at Barclays Centre in New York City, Rihanna was seen in the audience watching her ex, Chris Brown,...

Rihanna Seen In Attendance At The 2014 Summer Classic - Summer Classic Charity Basketball Game Part 1

Following her recent tour with Eminem, Rihanna was seen attending a charity basketball game in New York City with friends.At 2014 Summer Classic Charity Basketball...

NFL Asks Super Bowl Half Time Acts To 'Pay To Play'

The National Football League has taken the unprecedented step of asking potential performers at the Super Bowl Half Time show to ‘pay to play’. Traditionally,...

Advertisement

Comments

Rihanna Newsletter

Subscribe to this news alert service to receive news and reviews on Rihanna

Unsubscribe | Unsubscribe All