Rihanna Sues Former Accountants, Alleging Millions In Losses

Rihanna has sued her former accountants in New York, blaming them for tens of millions of dollars in losses, according to several online reports.

The lawsuit was filed Thursday in federal court in Manhattan on behalf of the singer and her touring company Tourihanna. It seeks unspecified damages against New York-based Berdon LLP and two accountants, Michael Mitnick and Peter Gounis, neither of whom still work for the company, according     to Reuters. A Berdon spokeswoman says the company has no immediate comment. 

Rihanna sued under her real name, Robyn Fenty. 

Rihanna says she hired the accountants in 2005 when she was a 16-year-old from Barbados launching her career.

"Between 2005 and 2010, Tourihanna suffered significant losses due to defendants' financial mismanagement and other acts and  omissions," the lawsuit claims, citing "exorbitant" commissions, mishandling of taxes, failing to oversee and     collect unpaid royalties and concealment of key details from the singer. 

The lawsuit said the company was supposed to provide accounting and financial management services. She alleges the     company engaged in misconduct and malfeasance, culminating in     overall losses in her 2009 "Last Girl on Earth" tour despite     large revenues, and pointing out that Rihanna's 2010 "Loud"     tour made money after she had left the accounting firm.

The lawsuit revealed that Rihanna was paid just six percent of  her tours' gross receipts, whereas Berdon received 23 percent in commission between 2007 and 2010, and did not keep tabs on tour expenses and tax returns. The claims in the lawsuit cover negligence, breach of contract, breach of fiduciary duty, and unjust enrichment.

Reps for Rihanna and Universal Music Group had not responded to     Billboard.biz's request for comment as of press time.

 

Source: BillBoard.Biz

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