Rihanna Drops Accounting Suit

According to court documents obtained by the New York Post, Rihanna alleged Peter Gounis, Michael Mitnick and their firm Berdon LLP told her she had the money to buy a nearly $7 million mansion in 2010, despite the fact that she lost $9 million in 2009.

But attorneys for the accountants argued in court that Rihanna’s 2010 tour was a bust and that she was the only person to blame for her financial troubles, the Post reported.

“The tour did not make as much money as projected,” the lawyers wrote. “The tour was what she wanted, just as the exorbitant amount of expensive clothing and other purchases she squandered her money on were. … At the end of her two-year spending spree she had rooms of shoes, clothing and jewelry and fond, if not hazy, memories of extravagant parties, but little cash.”

Gounis, Mitnick and Berdon had sought a dismissal of the case. Terms of a settlement were not disclosed.