Oh Na Na, What’s My Name, and Where’s My Money? Rihanna Sues Accountants Over Losses
New York. Pop superstar Rihanna is suing her accountants, claiming they cost her tens of millions of dollars in losses and lined their own pockets by taking advantage of her financial naivety as a young pop star.
In the filing, lawyers for Rihanna alleged that accountancy firm Berdon LLC skimmed 22 percent of the revenues of her 2009 Last Call on Earth tour as their commission for managing her finances, while Rihanna herself only netted a 6 percent commission on the ticket sales.
The lawsuit called such an arrangement “exorbitant and excessive” and claimed it was highly unusual in the music industry.
Filed Tuesday in Manhattan, the lawsuit alleged that the accounting firm was hired by Rihanna in 2005, when she was a 16-year-old singer who placed great trust in them as her stature grew.
Over the next five years, as she grew into one of the world’s top stars, the accountants failed to provide Rihanna with an accurate picture of her finances, failed to provide her with prudent financial advice and caused her to be audited by tax authorities due to their sloppy bookkeeping, causing her tens of millions of dollars in losses.
The lawsuit seeks unspecified damages.