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USA Today recently asked Devin McRae to comment on actor Johnny Depp’s lawsuit against former business management company The Management Group, which alleges fraud, negligence, breach of fiduciary duty, and more. In response to the filing, TMG filed a countersuit claiming that Depp alone is responsible for his financial troubles. According to Devin, disputes of this kind in the industry are not uncommon, due to the substantial amount of trust that entertainers place in their business managers.

“The client has an expectation that, ‘I don’t have to review bank statements every month or manage my manager,’” said Devin. “You’re ceding a significant amount of money to (managers) to take care of everything for you, for typically a 5% fee, and for a high earner that’s a lot of money. What other situation do you do that? With that comes a lot of opportunity for malfeasance.”

To read the full article and the rest of Devin’s comments, click here.