Johnny Depp’s former managers file foreclose action on 5 Depp properties in bitter feud


Actor Johnny Depp’s bitter legal feud with his former business team at The Management Group is intensifying after TMG filed foreclosure actions Monday on five Depp properties in the Los Angeles area to collect on an unpaid loan, according to court documents.

>> Read more trending news

The agency said “The Pirates of the Caribbean” star owes them nearly $5 million from a 2012 loan, which Depp stopped making payments on after parting ways with TMG and on advice from his legal team, People Magazine reported.

“Depp paid interest and some principal payments under the TMG/Depp Note until he terminated TMG as his business manager on March 14, 2016,” the Los Angeles state court filing said, according to Deadline Hollywood.

“Today’s improper foreclosure action is the latest ... efforts to intimidate Mr. Depp into dropping his lawsuit,” Depp’s attorney Adam Waldman told People.

Waldman told the magazine TMG will not get Depp’s properties, “and they know it.”

 “We will move for sanctions for this latest publicity stunt,” Walsdman said. 

Depp sued TMG for fraud last February in a $25 million lawsuit claiming the the agency was attempting to foreclose on his main home.

>> Related: Johnny Depp has ‘compulsive spending disorder,’ former managers contend

This latest action by TMG is part of an ongoing feud with Depp, who claims the company grossly mismanaged the $650 million he made over the past 20 years almost to the point of bankruptcy.


Reader Comments ...


Next Up in Living

Seasonal allergies could be affecting your pets
Seasonal allergies could be affecting your pets

The weather in some parts of the country is not helping people with allergies, and your pets could also be feeling the effects of the high pollen (and other allergens) count.  >> Read more trending news  Pets are often sniffling grass, other pets and the ground. They are also much closer to where the allergens can sit, so...
Jennifer Aniston and Justin Theroux's relationship had issues before marriage, report says
Jennifer Aniston and Justin Theroux's relationship had issues before marriage, report says

Jennifer Aniston and Justin Theroux may have been doomed from the start. A new report in People claims that the celebrity couple’s relationship was riddled with issues even before they got married. “Ever since they became serious, the living issue often made them bicker. It was always hard for Jen to understand why Justin...
NBC’s ‘Good Girls,’ shot in Atlanta, blends female power and desperation
NBC’s ‘Good Girls,’ shot in Atlanta, blends female power and desperation

GOOD GIRLS — “Pilot” Episode 101 — Pictured: (l-r) Mae Whitman as Annie, Christina Hendricks as Beth, Retta as Ruby — (Photo by: Josh Stringer/NBC) Posted Thursday, February 22, 2018 by RODNEY HO/rho@ajc.com on his AJC Radio & TV Talk blog Beth, a seemingly mild-mannered mother of four...
Eyecatchers
Eyecatchers

JUMPSUIT FOR JOY Head to Madewell to score clothing items that are sure to end up on your list of spring wardrobe favorites. A new collaboration between Madewell and Brooklyn-based label As Ever offers 10 pieces with a vintage feel. Designer Mark Kolski, known for reconstructing vintage pieces into brand new outfits, has created vintage jumpsuits ($350)...
Prince: Why he still reigns, even in death
Prince: Why he still reigns, even in death

At Paisley Park in Minnesota last April, on the eve of the anniversary of his death, Prince was still present. On a massive screen inside the soundstage the artist frequently used for performances, a clip from a 2014 concert he performed there with his band, 3rdeyegirl, showed Prince onstage telling the crowd, “At Paisley Park, we sing together...
More Stories