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7.1.99 10:00 EST back
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Madonna Files $2.5 Million Suit Over Taxes:
No one is immune to the sting of taxes... not even
Madonna. |
According to the Associated Press, the singer has filed a
$2.5 million lawsuit against her former financial advisers
claiming they are responsible for $2 million in state taxes she
had to shell out to New York state.
Madonna, who also heads up Maverick Records,
reportedly filed the suit against Padell, Nadell, Fine,
Weinberger & Co. on Tuesday and charges the firm with
malpractice and breach of contract.
The singer, her personal corporation, and Maverick are
reportedly named as the suit's plaintiffs, and are seeking $2
million in compensatory damages and $500,000 in punitive
damages according to the AP.
Speaking with the news agency, the firm's Bert Padell said
that the suit was sparked after Madonna claimed herself as
a California resident on her 1992 taxes. Padell told the AP
that New York disagreed, and came calling to the tune of
$2 million.
Madonna reportedly fired the firm in 1996.
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