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Rihanna Offered Settlement in Accountants Case
Posted by Andru Edwards Categories: Artist News, Gossip, Hip-Hop & Rap, Pop, R&B / Soul,
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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."
"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," her lawyer Edward Estrada wrote in legal documents.
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Rihanna Suffered Financial Troubles
Posted by Andru Edwards Categories: Artist News, Concerts / Tours, Hip-Hop & Rap, Pop, R&B / Soul, Reggae,
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Rihanna claims she was "effectively bankrupt" in 2009.
The "Only Girl in the World" hitmaker blames her accountants' poor decision making for her fortune dwindling away from $11 million in cash at the beginning of the year to $2 million several months later.
In documents filed in her gross mismanagement case against the accountancy firm, Berdon LLP, Rihanna claims they gave her the go-ahead to buy a house priced between $7 and $7.5 million, which she did - and later sold for a $2 million loss. To further add to her financial woes that year, the singer's expenses "doubled," TMZ reports. 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 "Diamonds" star's previous objection she paid an "above-average" commission of 22 per cent as something she had signed off on herself.
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