Johnny Depp Settles Multi-Million Dollar Lawsuit Against Managers

Johnny Deppsettled one of the many high-profile lawsuits in which hes entangled that were detailed in a recent Rolling Stone story. The actor sued the Management Company where his former business managers work for $25 million last year for fraud. They decided to settle on Saturday at a mediation session, Deadline reports.The case was set to go to court on August 15th. No settlement terms have been announced.

In the suit, Depp alleged that the company improperly managed his money for nearly two decades. He claimed they didnt keep proper books or pay his taxes in a timely fashion, loaned his money without his permission and pursued conflicts of interest on his dime, investing his money in their own business ventures.

Johnny Depp to Produce 'Michael Jackson, as Told By His Glove' MusicalWatch Hollywood Vampires Deliver Searing 'Heroes' Cover on 'Corden'Why Adam Sandler's 'Thanksgiving Song' Is a Holiday ClassicThe Greatest Rock & Roll Christmas Songs, Holiday Songs

The company, run by Joel and Robert Mandell, then countersued the actor. They claimed theyd admonished Depp for living beyond his means, saying he had an ultra-extravagant lifestyle that knowingly cost [him] in excess of $2 million per month. Among his expenditures were $30,000 a month on wine, $50,000 in storage warehouses and $200,000 for a private jet. Deadlineclaims Depp is also in a lawsuit with his onetime transactional lawyer.

The judge on the case would not push the suit back farther on the calendar, leading to the mediation.

In other news surrounding Depps legal battles, the actor was recently the target of a suit by a location manager on the film City of Lies, who alleged Depp punched him on set. He was also sued by two former bodyguards, who claimed hed put them in toxic situations and that he didnt pay them properly.