Johnny Depp isn't just in the red—he's seeing red.
Depp sued The Management Group in January for $25 million, alleging fraud and negligence. He also accused the L.A.-based firm, run by brothers Joel Mandel and Rob Mandel, of failing to file his taxes on time and taking out high-interest loans on his behalf. Depp claimed that TMG led him to be more than $40 million in debt. In a countersuit, the actor's ex-managers cited Depp's lavish lifestyle as the cause of his financial downfall. "Depp 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 Mandel brothers' attorney, Michael Kump, wrote in the cross-complaint. "Depp, and Depp alone, is fully responsible for any financial turmoil he finds himself in today."