Saturday, May 25, 2013
From news service reports
NEW YORK - Rihanna sued her former accountants Thursday, blaming them for tens of millions of dollars in losses, shoddy bookkeeping, a failure to recommend she trim expenses when a 2009 tour was losing money and an ongoing audit by the Internal Revenue Service.
Singer Rihanna has sued her former accountants, claiming they cost her tens of millions of dollars in losses and engaged in other misconduct.
The Associated Press
The lawsuit in federal court in Manhattan sought unspecified damages against New York-based Berdon LLP and two accountants.
A Berdon spokeswoman said the company had no immediate comment.
The singer, suing under her real name, Robyn Fenty, alleged through her attorneys that the defendants drained revenues while she launched four national and international tours over a five-year period.
By the "Last Girl on Earth" tour in 2009, Rihanna learned that the tour had managed "significant net losses" despite robust revenues, though the defendants had managed to pocket 22 percent of the tour's total revenues while paying Rihanna just 6 percent of revenues, the lawsuit said.
It said Berdon's unusual accounting practice of paying itself a percentage of gross tour income as commissions left it no incentive to "counsel" Rihanna to reduce expenses or put in place appropriate financial controls.
The lawsuit alleged that the practice of paying itself commissions on revenues was not standard in the accounting and business management industry and created a clear conflict of interest.
Rihanna's lawyers also blamed the accounting firm for an ongoing IRS audit of her tax returns, saying she was forced to spend significant resources to correct errors resulting from negligence.
Since firing the firm and its accountants in September 2010, Rihanna's fortunes already have reversed, the lawsuit said. The "Loud" tour stretching from June to December 2011 produced a net profit equal to more than 40 percent of total tour revenues, it added.
According to the lawsuit, the singer hired the accountants in 2005 when she was a 16-year-old from Barbados launching her career.
She alleged that they repeatedly breached their agreements, engaged in misconduct and malfeasance, paid themselves excessive commissions, created entities without regard to their effect on her taxes and failed to document revenue and expenses and implement a proper budget.
The lawsuit also blamed the company for Rihanna's 2009 purchase of a new home, saying competent business managers would have told her that her tour was losing money and that it would not be advisable to buy such an expensive home at that time.
Last year, Rihanna sued a real estate company in Los Angeles over the $6.9 million purchase of a hillside home in 2009, saying it had serious structural defects.
Seinfeld and friends to get coffee on Web series
NEW YORK - Jerry Seinfeld is going back on the road.
The comedian announced Thursday that he'll debut the Web series "Comedians in Cars Getting Coffee" on July 19. The interview show will feature Seinfeld's comedian friends as guests.
In a teaser video, Seinfeld is shown driving various vintage cars with Larry David, Ricky Gervais, Michael Richards, Alec Baldwin and others.
The show is presented by Crackle, the digital network owned by Sony Pictures Entertainment.
Recent projects by the 58-year-old Seinfeld include producing the NBC panel-style reality show, "The Marriage Ref" and directing Colin Quinn's Broadway show, "Long Story Short."
Andy Griffith's death caused by heart attack
RALEIGH, N.C. - The death certificate for Andy Griffith says the actor's death earlier this week was caused by a heart attack.
The certificate says the 86-year-old had suffered the attack 24 hours before he died at 7 a.m. Tuesday.
It also says he had suffered for years from other illnesses, including coronary artery disease, hypertension and hyperlipidemia, which can be a form of high cholesterol or high triglycerides.
Griffith's death certificate says he's buried in the Griffith Family Cemetery in Manteo.
Griffith was best known for playing Sheriff Andy Taylor in "The Andy Griffith Show," which aired from 1960 to 1968.
He was born in Mount Airy and lived in Manteo.
McConaugheys expect third child
NEW YORK — Matthew McConaughey and his wife Camila aren’t just newlyweds, they’re also expecting.
McConaughey’s representative confirmed that his wife is pregnant with the couple’s third child. The baby will join a son named Levi, who turns 4 this week, and 2-year-old daughter Vida.
McConaughey, 42, wed Brazilian-born Camila Alves, 29, last month at their Austin, Texas, home.
Camila McConaughey, as she is now known, is a handbag designer and model who will begin appearing in Macy’s ads next month.