Seek news on
InfoAnda
powered by
Google
Custom Search

Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r

wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php


Friday, 6 July 2012 - Rihanna sues ex-accountants, says she lost millions |
  • Pakistanis angry over detentions in Times Sq. case
    Monday, May 24, 2010
    ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
    They
  • Taiwan denies boycotting Australian film festival
    Thursday, August 6, 2009

    AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
  • Merkel's support dips, regional ally resigns International
    Thursday, September 3, 2009

    By Sarah Marsh and Noah Barkin

    BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
  • Minister seeks closure of anti-Berlusconi websites
    Wednesday, December 16, 2009
    ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
  • Asian markets mixed after Wall Street rally
    Wednesday, March 18, 2009

    By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
  • Venezuela, Vietnam strengthen ties with joint fund | 20 November 2008
  • Nicolas Cage to star in thriller | Entertainment | | 8 September 2009
  • Knife-wielding man injures 22 children in China | | 14 December 2012
  • S.Korea July 1-20 export growth rises -customs | 21 July 2010


    Forum Views () Forum Replies ()

    Read more with google mobile : Rihanna sues ex-accountants, says she lost millions |

      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Mormons quit church in mass resignation ceremony 30 Jun 2012 Three central banks take action in sign of alarm 3:29pm EDT Judge who shelved Apple trial says patent system out of sync 8:42am EDT In California, immigration bill designed as the "anti-Arizona" 04 Jul 2012 Japan's atomic disaster due to "collusion:" panel report 1:55pm EDT Discussed 255 In California, immigration bill designed as the ”anti-Arizona” 115 Insight: ”Green Fleet” sails, meets stiff headwinds in Congress 105 Scientists to unveil milestone in Higgs boson hunt Watched Scientists see dengue cure with antibody discovery 11:07am EDT Turkey releases new images of downed plane 1:35pm EDT 3XSQ: China cuts, BOE stimulus, ECB cuts 9:59am EDT Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption  Arafat's Legacy A look at the life and legacy of Palestinian leader Yasser Arafat.  Slideshow  Space odysseys From the scientists on the ground to stunning views from space, a look at man's continuing exploration into the final frontier.  Slideshow  Rihanna sues ex-accountants, says she lost millions Tweet Share this Email Print Related News Lauryn Hill failed to file tax returns on $1.8 million in income: DOJ Thu, Jun 7 2012 Analysis & Opinion Barclays case gives U.S. futures regulator more clout on overseas derivatives, funding Essential reading: Romney campaign and GOP at odds on healthcare tax, and more Related Topics Entertainment » Fashion » Music » Rihanna goes into the crowd during a performance at the Hackney Weekend festival at Hackney Marshes in east London, June 24, 2012. Credit: Reuters/Olivia Harris By Christine Kearney NEW YORK | Thu Jul 5, 2012 3:36pm EDT NEW YORK (Reuters) - Pop star Rihanna has sued her former accountants for mismanaging the singer's finances, including claiming they earned huge commissions from concert tours that resulted in her losing millions of dollars. In a lawsuit filed in Manhattan federal court that surfaced on Thursday, the 24-year-old singer and her tour company, Tourihanna, is seeking an unspecified amount of compensatory damages and loss of earnings from accountancy firm Berdon LLP and former employees Michael Mitnick and Peter Gounis. The suit, first filed late Tuesday ahead of the July 4 U.S. holiday, claims the accounting firm caused "significant financial losses" between 2005 and 2010 by charging "exorbitant" commissions from Rihanna's 2010 "Last Girl on Earth Tour." It also accuses Berdon of mishandling Rihanna's foreign and domestic taxes and failing to monitor unpaid song royalties. "Between 2005 and 2010, Tourihanna suffered significant losses due to defendants' financial mismanagement and other acts and omissions," the lawsuit said. A spokesman for Berdon, Michael Tasch, did not immediately return a call seeking comment. Mitnick and Gounis have since left the firm and could not be immediately reached for comment. Rihanna, whose real name is Robyn Fenty, has produced a string of worldwide hits including "Umbrella" and "We Found Love." She is referred to in the suit as a financial novice who found fame at a young age and relied heavily on her accountants. Her music management introduced her to Berdon in 2005 when she was a 16-year-old and "a minor with a booming music career and no knowledge or understanding of financial matters whatsoever." The lawsuit said the accountants concealed facts regarding her finances, and in a deal Rihanna's lawyers called unusual, earned commissions based on a percentage of Rihanna's gross receipts which were "exorbitant and expensive." In addition, the firm assumed control over the singer's affairs beyond the industry standard and failed to maximize the her personal net worth and long term wealth, the lawsuit said. The lawsuit said several of the Barbados-born singer's national and international tours between 2005 and 2010 suffered losses compared to her last tour "Loud" that was a financial success after she had parted ways with Berdon. The lawsuit said Rihanna lost millions of dollars during "The Last Girl On Earth" tour after the firm failed to reconcile costs vs. revenues while still paying itself millions in fees. It estimated that between 2007 and 2010, the accountants earned millions in commissions on tour gross receipts in an amount equaling 23 percent of total tour income, compared to 6 percent for Rihanna. The firm did not do monthly planning reports, and performed little record-keeping of Rihanna's personal and business expenses, including those for Tourihanna, according to the suit. For example, during 2008 and 2009, the accountants kept only 2 percent to 4 percent of all receipts for expenses charged on the singer's personal credit card, the suit said. It also failed to uncover millions in unpaid royalties and problems with the way in which Universal Music Group (UMG) label Recordings was tracking song royalties. The suit did not mention Rihanna's direct label, Def Jam, also owned by UMG. Accountants mishandled foreign and domestic taxes by withholding more funds than necessary, leading to "a significant losses of tax benefits" and failed to file taxes on time, causing late penalties. The singer further claims that as a result the IRS is now auditing her because Berdon mishandled tax returns between 2008 and 2010. The suit includes claims of breach of contract, negligence, breach of fiduciary duty and unjust enrichment. (Reporting By Christine Kearney, editing by Bob Tourtellotte and M.D. Golan) Entertainment Fashion Music Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

    Other News on Friday, 6 July 2012
    Long road ahead in U.S.-Pakistan ties after NATO deal |
    Final Mexican results confirming Pena Nieto win |
    Nervous Libyans ready for first taste of democracy |
    Left, right criticize Humala over deadly Peru clashes |
    Dry taps and open sewers: welcome to India's Millennium City |
    Morality killing triggers fears and debate in Egypt |
    Exclusive: News Corp's Miller, Hulu's Kilar on Yahoo CEO list-sources |
    Microsoft stumbles into crucial financial year |
    Proxy advisor withholds support for RIM board member |
    Galaxy to power record $5.9 billion profit, but Samsung sweats over euro |
    Emulex to pay Broadcom fees in partial settlement |
    Contest may send rapper Pitbull to Alaska Wal-Mart |
    Will & Grace star returns to TV in Perception |
    Tina Fey turns rapper for Childish Gambino |
    Rihanna sues ex-accountants, says she lost millions |
    MGM files to stop production of Raging Bull sequel |
    UN urges countries to impose global taxes to boost aid |
    Defection cheers anti-Assad coalition at Paris meet |
    Mexican vote recount confirms Pena Nieto win |
    Laos denies pushing ahead with controversial dam |
    Key Argentine Dirty War figures jailed for baby thefts |
    Myanmar detains Thai villagers in unclear border area |
    Samsung's Galaxy powers record $5.9 billion profit; euro a worry |
    Microsoft stumbles into crucial financial year |
    U.S. online job demand rises in June |
    Virus could black out nearly 250,000 PCs |
    Yahoo CEO search down to Levinsohn, Hulu's Kilar |
    Taiwan HTC Q2 net lags forecasts as smartphone sales sag |
    Seagate sees revenue below estimates |
    U.S. album sales slump, digital rises in first-half 2012 |
    Actor Andy Griffith's death caused by heart attack |
    Iran blames France, Germany for atomic scientist assassinations |
    Nervous Libyans ready for first taste of democracy |
    Analysis: Combative leader a mixed blessing for Mexico's Left |
    Russia rights groups fear crackdown as law changes |
    Former Baader-Meinhof gang member jailed over 70s murder |
    Fair Gaddafi trial in Libya impossible: ICC lawyer |
    Sudan police teargas protesters after prayers |
    UN talks, water matter most to Cyprus: minister |
    Seven arrested in British anti-terrorism raids |
    Media, tech deals may make comeback at Sun Valley |
    Judge approves Netflix privacy settlement |
    Berenberg cuts Cognizant, VMware to hold |
    Sandvine posts wider-than-expected loss |
    U2 bassist PA sentenced to seven years in theft case |
    Woman admits smashing Simon Cowell's window |
    Russia musicians make anti-Putin protest White Album |
    Greece at new risk of being pushed off euro
    Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
    Female Breasts Are Bigger Than Ever
    AMD Trinity Accelerated Processing Units Now in Volume Production
    The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
    AMD to Start Production of piledriver
    Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
    Islamists Protest Lady Gaga's Concert in Indonesia
    Japan Successfully Broadcasts an 8K Signal Over the Air
    ECB boosts loans to 1 trillion Euro to stop credit crunch
    Egypt : Mohammed Morsi won with 52 percent
    What do you call 100,000 Frenchmen with their hands up
    AMD Launches AMD Embedded R-Series APU Platform
    Fed Should not Ignore Emerging Market Crisis
    Fed casts shadow over India, emerging markets
    Why are Chinese tourists so rude? A few insights

    [InfoAnda] [Home] [This News]



    USD EUR - 1 year graph

    BlogMeter 1.01