In authoritative reports, Johnny Depp’s legal advisor Matthew Kanny says, “Mr. Depp is one of the most sought after and highly paid actors in the world. He is also the victim of the gross misconduct of his business managers, The Management Group and attorneys Joel and Robert Mandel, who collected tens of millions of dollars of contingent fees, purportedly based on an oral contract, all at Mr. Depp’s expense.”

Kanny went on to say, “TMG treated Mr. Depp’s income as their own, available to either TMG or third parties to draw upon as desired. Adding insult to injury, TMG has now sought to foreclose on Mr. Depp’s primary residence, even though the alleged loan secured by Mr. Depp’s residence was made through TMG’s self-dealing and conflicts of interest, and the purported ‘default’ occurred solely as a result of TMG’s own misconduct.”

“As a result of years of gross mismanagement and sometimes outright fraud, Mr. Depp lost tens of millions of dollars and has been forced to dispose of significant assets to pay for TMG’s self-dealing and gross misconduct. It was only recently, when Mr. Depp terminated TMG and hired new business management and accounting services, when Mr. Depp learned the gravity of his financial losses and some, but surely not all, of the underlying facts”, continued Kanny

Depp is suing for misrepresentation, break of guardian obligation, and carelessness. He is looking for at least $25 million in harms, yet The Management Group is as of now terminating back. Lawyer Michael Kump says in an announcement, “For 30 years, Joel and Rob Mandel, and their company The Management Group, have been trusted business managers to some of the most successful individuals and companies in the entertainment business For 17 of those years, they did everything possible to protect Depp from his irresponsible and profligate spending.”