Rihanna Sues Ex-Accountants For Millions In Lost Tour Money
Rihanna reportedly filed a lawsuit against her former accountants in Manhattan federal court on Thursday blaming them for tens of millions of dollars in lost tour money.
She is suing New York-based Berdon LLP and two accountants for unspecified damages, claiming that the defendants drained tens of millions of dollars in tour revenues.
She says she hired the accountants in 2005 when she was a 16-year-old from Barbados launching her career.
By the “Last Girl on Earth” tour in 2009, the singer discovered that Berdon had pocketed 22 percent of the tour’s total revenues while paying Rihanna just 6 percent. And since firing the firm and its accountants in September 2010, her last tour produced a net profit equal to more than 40 percent of total tour revenues.
The lawsuit further alleges that the company repeatedly breached their agreements, engaged in misconduct and malfeasance, paid themselves excessive commissions, created entities without regard to their effect on her taxes, and failed to document revenue and expenses and implement a proper budget.
A spokeswoman for Berdon said the company had no immediate comment.