10/19/2017 - File photo dated 10/05/16 of Johnny Depp, who is embroiled in a legal battle with his ex-managers, is now suing his former lawyers, claiming they also cheated him out of millions of dollars. (Photo by PA Images/Sipa USA) *** US Rights Only **

(Photo credit: PA Images/Sipa USA)

Johnny Depp Settles Lawsuits Involving Former Managers

July 16, 2018 - 4:41 pm
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LOS ANGELES (AP) — Johnny Depp has settled lawsuits with his former business managers that put a spotlight on the actor's spending.

Depp's representatives said on Monday that the "Pirates of the Caribbean" star had settled litigation filed against The Management Group, which he accused in January 2017 seeking more than $25 million over alleged financial abuse and negligence. No details of the settlement were released.

The firm countersued and argued that Depp was solely to blame for his money troubles, spending more than $2 million a month.

The cases had sparked name-calling on both sides, with a spokesman for Depp's former managers calling the actor a "habitual liar" in August 2017.

Lawyers for The Management Group declined comment.

Depp's spokesperson said the actor would now focus on his film and music careers.

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