From Billboard · Bill Donahue · · 50s
Timbaland Sues Ex-Managers for $15M
Timbaland sues ex-managers over $15m financial misconduct claims.
In brief
Timbaland sues ex-managers over $15m financial misconduct claims. Timbaland alleges ex-managers stole millions and falsified records to deplete his assets. Originally reported by Billboard.
Timbaland sues ex-managers
Timbaland filed a $15 million lawsuit against his former managers for financial misconduct.
“Timbaland is suing his former manager and business manager in a $15 million lawsuit that alleges the pair committed widespread misconduct in order to "enrich themselves" at the star’s expense.”
Alleged financial theft
Lawyers claim Gary Marella stole millions in unauthorized commissions and falsified financial records.
“Gary Marella "stole millions in unauthorized commissions, fees, and reimbursements" and "falsified financial records" to conceal misdeeds.”
Tax penalties and foreclosure
Business manager Bruce Seckendorf caused tax penalties and nearly foreclosed on Timbaland’s house.
“business manager bruce seckendorf caused big tax penalties by failing to pay federal taxes and also nearly caused the star’s house to be foreclosed”
Marella’s defense
Marella denies allegations, claiming Timbaland’s financial issues began before his management.
“When i began managing tim in 2017, long after he had produced his biggest hits, he was already in a bad financial place”
Beatclub mismanagement
Beatclub’s finances were mismanaged with company funds spent improperly and employees unpaid.
“Marella depleted investor funds, spent company money contrary to how he represented it would be used, incurred obligations beatclub could not pay, failed to pay employees and creators he hired”
Legal claims
The lawsuit accuses both men of breach of fiduciary duty and civil theft, seeking $15m in damages.
“In technical legal terms, the lawsuit accuses both men of breach of fiduciary duty, fraudulent concealment and civil theft”
The takeaway
Timbaland alleges ex-managers stole millions and falsified records to deplete his assets.
