Rihanna Accountant Lawsuit: Can't Remember to Forget Young Singer Wins $10 Million Settlement After Going Broke in 2009
Rihanna finally wins a multi-million lawsuit against her former accountant, who is responsible for the singer going broke at the end of 2009.
The "Right Now" singer previously said that she was "effectively bankrupt" because Peter Gounis of Berdon LLP advised her to make several bad financial decisions, which resulted in her losing $9 million in just one year.
Moreover, Rihanna claimed in the lawsuit that she initially had $11 million in cash in January 2009 but only had $2 million left at the end of the year, mainly because Gounis gave her a yes to buy a mansion in Beverly Hills for $7.5 million that turned out to be leaking and rotting from water. This later on forced the Barbadian singer to spend more than $1 million on improvements before selling it for nearly a $2 million loss.
The court documents read: "Mr. Gounis was fully appraised of Ms. Fenty's financial condition, yet, nonetheless, failed to advise her that the purchase would be unwise."
"The defendants advised Ms. Fenty by e-mail that purchasing a home in Los Angeles 'would be a good investment' despite knowing Ms. Fenty was experiencing financial difficulties," Rihanna's lawyer Edward Estrada added.
In addition, the "Pour It Up" singer also complained that it is her accountant's fault for failing to warn her that her Last Girl on Earth tour would not turn a profit. However, Gounis responded by saying that the singer squandered huge amounts of money on designer clothes and jewelry. "At the core of her claim is this belief: someone else is responsible for her conduct and its consequences," he wrote.
Rihanna sued Peter Gunis for $35 million, and the firm settled with her out of court for approximately $10 million.
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