‘Home’ star Rihanna has settled a multimillion dollar lawsuit with her former accountants this week, doing so after accusing them of financial mismanagement and almost throwing her into bankruptcy.
What went down?
Full story below…
In 2012, the singer filed a lawsuit against accountancy and advisory firm ‘Berdon LLP’ after claiming that they had charged her ‘exorbitant’ commissions from her concert tours, failing to manage her domestic and foreign taxes and struggle to monitor unpaid song royalties she was owed.
Problematic, as their alleged incompetency saw her suffer sizeable losses during 2010’s ‘Last Girl on Earth‘ tour, while the firm “collected millions” as she faced bankruptcy.
Fortunately for the firm, Thursday saw the star’s lawyers reveal that she had agreed to settle the suit with the company, opting not to disclose any of its details, but cited the singer’s lack of knowledge with regards to financial matters when she first signed with the company as a contributing factor in their mishandling of her business.
Your thoughts?