Johnny Depp Hits Back Over Claims He Squandered His Money, Alleges 'Smear' Campaign

  |   Hollywood

Johnny Depp is firing back at his former business managers, claiming they’re trying to discredit him with a “smear” campaign. Depp, 53, sued TMG on February for $25 million in a fraud lawsuit. TMG has since filed a cross-complaint, claiming the actor lived an “ultra-extravagant lifestyle that often knowingly cost Depp in excess of $2 million per month to maintain, which he simply could not afford.” The actor’s lawyer Adam Waldman told PEOPLE on Monday that Depp’s former management company has “since shown that they have no viable defense other than to follow through on their stated plan to attempt to smear Mr. Depp.”

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