Johnny Depp sued his former business managers on Friday alleging they mismanaged his earnings throughout a lucrative period of his career, although the company says the actor's spending is to blame. Michael J. Kump, an attorney for The Management Group, calls Depp's lawsuit a "fabrication" and wrote in a statement that Depp never alleged any wrongdoing. The company "did everything possible to protect Depp from his irresponsible and profligate spending," Kump wrote. Depp's learned of the problems after hiring a new management company in March 2016, the complaint states. Kump wrote that Depp owes The Management Group $4.2 million from a $5 million loan they provided the actor.

Source: Fox News January 14, 2017 05:52 UTC