Courtney Love in the middle of a couple financial scandals
Posted on July 23rd, 2008 by Hot Momma
Courtney Love has gone on the attack against singer Ryan Adams, claiming he failed to pay back money he borrowed to fund his 2003 album Rock N Roll.
Love posted a bizarre rant (does she do any other kind?) on her MySpace.com page on Saturday, claiming Adams had taken $858,000 from her daughter Frances Bean’s trust fund to pay for his LP release. This is metaphorically speaking as apparently Adams used an American Express card(s) of hers to ring up the expenses.
She writes: “There were all the bills for Ryan Adams’ worst record and one of the worst records I can think of in rock and roll history ironically called Rock and Roll (sic) and it was paid for by ME and mostly by my child.
“Here on Amex 28 (she apparently had 29 American Express cards at the time) is the entire invoice for Ryan - your ENTIRE album and meals and drugs and hotels and outboard gear and wasted fabulous guitars STRAIGHT OUT OF FRANCES’ TRUST FUND.
“Ryan… YOU spent 858,000 dollars on this record of MY DAUGHTERS (sic) MONEY. So what’s your paying me back plan?”
The post has now been taken down from the social networking site. Ex-boyfriends Ed Norton, Billy Corgan, and “Gollum” (Jim Barber, who produced Rock n Roll) all got name-checked in the diatribe. (Ryan and Courtney had “very safe sex” too, it is revealed.)
Meanwhile the former Hole frontwoman’s business managers are suing her over claims she failed to pay them after selling a portion of the NIRVANA song catalog.
In a lawsuit filed yesterday in Los Angeles County Superior Court, London & Co. allege their client owes them five per cent of the sale of a portion of her stake of Nirvana’s back catalog, owned by frontman Kurt Cobain’s widow Love and his former bandmates Dave Grohl and Krist Novoselic. According to court documents obtained by TMZ, the financial firm claims they are entitled to $975,000 as the rights were sold for $19.5 million in 2006.
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