Johnney Depp former management company has demanded that he should undergo mental health evaluation for compulsive spending disorder.
The lawsuit was filed by The Management Group this week as part of an ongoing battle between Depp and The management Group.
The legal proceeding reportedly began after Depp sued TMG for fraud. TMG later fired back with a counter-suit claiming his financial situation as the result of his own doing.
Depp claims Joel and Robert Mandel (pictured) mismanaged his money. They say he blew it all on fripperies. By the time he fired them, he was spending $2m a month
As per the reports from The New York Post, the company has accused him of spending money on everything other than the payment of his taxes and has claimed that it might be the result of a psychological problem.
Further, TMG has also pointed at the recent interview-adding to the proof of Depp's insane behavior- where Depp said, "It's my money. If I want to buy 15,000 cotton balls a day, it's my thing."
Depp bought 14 residencies (some pictured) in the South of France for $75 million
Attorney Michael Kump said: "Depp listened to no one, including TMG and his other advisors, and he demanded they fund a lifestyle that was extravagant and extreme."
The managers at TMG has also claimed Depp of spending thousand of dollars on sound engineering who feeds him lines on the set so that he doesn't have to memorize them.
Depp spent $3.6m on this Caribbean island chain in 2004
"Depp's extravagant spending has often been marked by a lack of impulse control," Kump said. "In retrospect, it appears that Depp may suffer from a compulsive spending disorder, which will be proven in this action through a mental examination of Depp... and expert testimony."
Video: Lawsuit Claims Johnny Depp Is In Financial Crisis For Spending $2m A Month
"On information and belief, Depp's flagrant bragging about his senseless and extreme spending to The Wall Street Journal is further evidence of his psychological issues." he further added.
Johnney reportedly spent over $18 million on a 150-foot yacht and $4 million on a record label.