July 6th, 2012 3:51 PM
by Free Britney
Rihanna has sued her former accountants for mismanaging the singer's
finances, claiming they earned huge commissions yet cost her millions of
dollars.
In a lawsuit filed in Manhattan federal court, the 24-year-old singer and her tour company, Tourihanna, is seeking an unspecified amount of damages.
The pop superstar's dealings with accountancy firm Berdon LLP and former employees Michael Mitnick and Peter Gounis are the subject of the lawsuit.
The suit, first filed late in Tuesday ahead of the July 4 U.S.
holiday, claims the accounting firm caused "significant financial
losses" between 2005 and 2010.
She accuses the firm of charging "exorbitant" commissions from Rihanna's 2010 "Last Girl on Earth Tour" and mishandling Rihanna's foreign and domestic taxes.
"Between 2005 and 2010, Tourihanna suffered significant losses due to defendants' financial mismanagement and other acts and omissions," the lawsuit said.
Rihanna, whose real name is Robyn Fenty, is referred to in the suit as a financial novice who found fame at a young age and relied heavily on her accountants.
In 2005, the Barbados native was 16 years old and "a minor with a booming music career and no knowledge or understanding of financial matters whatsoever."
The lawsuit said the accountants concealed facts regarding her finances and earned commissions on Rihanna's revenue that was "exorbitant and expensive."
In a lawsuit filed in Manhattan federal court, the 24-year-old singer and her tour company, Tourihanna, is seeking an unspecified amount of damages.
The pop superstar's dealings with accountancy firm Berdon LLP and former employees Michael Mitnick and Peter Gounis are the subject of the lawsuit.
She accuses the firm of charging "exorbitant" commissions from Rihanna's 2010 "Last Girl on Earth Tour" and mishandling Rihanna's foreign and domestic taxes.
"Between 2005 and 2010, Tourihanna suffered significant losses due to defendants' financial mismanagement and other acts and omissions," the lawsuit said.
Rihanna, whose real name is Robyn Fenty, is referred to in the suit as a financial novice who found fame at a young age and relied heavily on her accountants.
In 2005, the Barbados native was 16 years old and "a minor with a booming music career and no knowledge or understanding of financial matters whatsoever."
The lawsuit said the accountants concealed facts regarding her finances and earned commissions on Rihanna's revenue that was "exorbitant and expensive."
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