Can’t play with a rude gyal’s money
Rihanna is suing her former accountants, saying they spent years mismanaging her finances and cost her millions of dollars during a recent tour.
The lawsuit, filed in federal court in Manhattan, accuses the singer’s former accounting firm, Berdon LLP, and two accountants of causing “significant financial losses.” In addition, “gross mismanagement” of the singer’s finances cost her millions of dollars during her 2010 “Last Girl on Earth” tour.
“Between 2005 and 2010, Tourihanna suffered significant financial losses due to Defendants’ financial mismanagement and other acts and omissions,” the lawsuit states. Tourihanna was the concert touring company established by Berdon on Rihanna’s behalf, according to the suit.
The lawsuit lays out Rihanna’s musical career, which took off at the age of 16 when she signed with Island Def Jam Music Group and moved from her native Barbados to the U.S. The lawsuit portrays the singer—known for pop staples like “Umbrella”—as a financial amateur who placed a great deal of trust in her accountants as she rose to fame and wealth.
“In 2005, when Fenty was 16 years old, Berdon was hired to provide her with accounting, business and financial management services for all aspects of her rapidly growing music career,” the lawsuit states. “Because she was a minor with no knowledge of the music industry or financial matters generally, Fenty placed Berdon in a position of trust and loyalty.”
Among other allegations, Rihanna said the firm and the two accountants hired to manage her finances earned “commissions” based on the singer’s gross receipts. However, such an arrangement isn’t standard for the accounting industry, according to the lawsuit, which called the commissions “exorbitant and excessive.”
You better get yo money RihRih!!!
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