Enter your email address and start getting breaking law firm and legal news right now!
Lindsay Lohan Headed Towards Financial Ruin: Management Team
According to the management team for Lindsay Lohan, the troubled actress is headed towards financial collapse because of her dumb business decisions and stashing her money in reckless places. Text messages sent between Michael Lohan and Dave Feldman, Lindsay’s lawyer, have been seen by TMZ. Those text messages discuss the recent promotion deal Lindsay was involved in for an energy drink named Mr. Pink.
TMZ reported that Lindsay flew to Los Angeles earlier in October for a launch event for the drink only hours following her fight with her mother. According to the text messages, Michael said that Lindsay was paid in cash at a sum of $150,000 for the launch event. Lindsay reportedly gave the money to her brother Michael Jr. to put into his bank account so it would be kept safe. Lindsay’s father was fearful that Dina had access to their son’s account and would take out the money.
Lindsay’s lawyer exhibits outrage in his responding text message. He said that Lindsay should have included him and her business manager into the event so they could give her better financial safety with the money. The lawyer also says that if Lindsay included her management team on the drink launch deal they would have been able to get her more money.
Michael is also worried that Lindsay has fallen off the wagon again and needs a conservatorship because she cannot take care of her own affairs.Lindsay Lohan Headed Towards Financial Ruin: Management Team by Jim Vassallo