“I LOST MILLIONS!” RIRI SLAPS ACCOUNTANTS WITH LAWSUIT

By Anonymous -

Pop star 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.
Rihanna, who goes by her real name, Robyn Fenty, in the lawsuit, seeks unspecified damages from the firm and the two accountants. A spokeswoman for New York-based Berdon did not immediately return a message seeking comment.

“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.”

The arrangement led the accountants to conceal certain facts about Rihanna’s finances from her, the lawsuit said. Had she known these facts, she would have terminated the accountants, the lawsuit said.
The lawsuit also said the defendants failed to create a proper budget for the Last Girl on Earth tour, which traveled to 25 cities across North America during the summer of 2010, according to news reports. As a result, Tourihanna lost millions of dollars on the tour.

What do you think?

SCOOP: WSJ

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