LOS ANGELES: Johnny Depp’s lavish spending – including US$3 million to blast author Hunter S. Thompson’s ashes from a cannon – led him to the brink of financial ruin, according to an explosive lawsuit filed Tuesday. Depp filed his own US$25 million suit on January 13 accusing TMG of mismanaging his finances, taking out loans without his approval, and concealing his ruinous finances. The firm, fired by Depp last year, says it is owed US$4.2 million and was forced to launch foreclosure proceedings on Depp’s property. “The only reason Depp filed this lawsuit was to interfere with TMG’s ongoing efforts to be repaid on the loan they had made to bail him out,” TMG said. Depp and actress Amber Heard, 30, reached an out-of-court settlement in August to end their 18-month marriage, agreeing that he would pay her US$7 million.--AFP

Source: New Strait Times February 01, 2017 02:35 UTC