Depp’s attorney, Adam Waldman, said that Bloom’s firm, Bloom Hergott, agreed to pay an “8-figure” amount to settle the case
, whom he had accused of collecting tens of millions in fees without a representation agreement.
, Judge Terry Green ruled in Depp’s favor, finding that Bloom and Depp had a contingency agreement, which under state law must be in writing. Bloom was paid a commission based on Depp’s earnings.an 8-figure payment to settle Mr. Depp’s lawsuit against the firm for fraud, conflict of interest, disgorgement of over $30 million in voidable fees and other malfeasance that they engaged in over nearly two decades,” Waldman said in a statement.
“This is another great result for Johnny, and one that will change the way business is done for the better in Hollywood,” said Benjamin G. Chew, an attorney at Brown Rudnick LLP who represented Depp. “Through Judge Green’s decision, Johnny established a precedent that should prevent other artists from being victimized by their attorneys using improper oral contingency fee contracts.”
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