Madonna Sues Moneymen

The Material Girl is suing her former financial advisers. In a $2.5 million lawsuit filed in New York this week, Madonna accused Padell, Nadell, Fine, Weinberger & Co. of malpractice and breach of contract. Bert Padell, the firm’s senior partner, said the lawsuit stems from Madonna’s having had to pay $2 million in New York state income taxes after he prepared a 1992 tax return for her saying she was a California resident. “The state came in and said she was a New York state resident because she lived here more than 183 days (in that tax year),” Padell said. That made her subject to New York’s income taxes.

  • Madonna fired him in 1996, but Padell says she is “a good person. I have no malice toward her.”
  • In another lawsuit involving a pop star, Motley Crue singer Vince Neil on Wednesday lost his bid to reinstate a lawsuit against lawyer Joseph Eisenberg for allegedly botching his bankruptcy case. “This motion is utterly without merit,” decided Los Angeles Superior Court Judge Alan Buckner.
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