#POORDAT: Rihanna Suing Accountants After Audit Shows MILLIONS in Losses
Rihanna dissed Ciara saying she couldn't book any performances (click here if you missed it)? Well, according to MTV News Rihanna is now suing two accountants at Berdon LLP for horrible mismanagement of funds from her 'Last Girl on Earth' Tour. According to the lawsuit the twitter gangster is selling herself to the courts as a 'minor with no knowledge of the music industry' who was only banking 6% while the accountants made 22% of the profits. Girl, boo. Read more from MTV News:
The lawsuit accuses the accountants of "financial mismanagement and other acts of omission," with Rihanna (born Robyn Fenty) asking for unspecified damages as a result. A spokesperson for Berdon did not return requests from the Journal for comment. In laying out the alleged mismanagement, the suit details Rihanna's rise from a 16-year-old industry newbie who signed with the Island Def Jam Music Group after moving from her native Barbados to the U.S. Calling her a "financial amateur" who placed her trust in her accountants as she rose from obscurity to global fame, the suit notes that Berdon was hired to provide the then-16-year-old singer with "accounting, business and financial management services for all aspects of her rapidly growing music career." And, the lawsuit reads, "because she was a minor with no knowledge of the music industry or financial matters generally, Fenty [Rihanna's last name] placed Berdon in a position of trust and loyalty." Among the allegations are that the firm and the two accountants earned commissions based on the singer's gross receipts, which the paper said is not a standard mode of operation in the industry. During the "Girl" tour, that commission amounted to 22 percent of the tour's total revenues, even as they paid Rihanna just six percent. Because they were earning commissions described as "exorbitant and excessive," the accountants allegedly concealed certain facts about Rihanna's finances from her that might have caused her to call off the arrangement had she known about them.First Rihanna boasts about booking stages but now she's suing because she wasn't getting paid for the performances? That's just like being a model and paying a photographer, a singer without a hit song. Girl, the list goes on and on. Poor Rihanna, literally. It looks like Ciara won in the end.
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