Tiësto Loses $17 Million Lawsuit
Tiësto won a lawsuit against Greenberg Traurig. The court ordered the firm to pay him $17 million. This was because of bad tax advice.
The lawsuit started because Tiësto, also known as Tijs Verwest, believed the law firm gave him wrong information about taxes. An Amsterdam court agreed with Tiësto’s claims. The court said the firm’s tax advisor made mistakes. As a result, Tiësto had to pay more taxes and a fine. Greenberg Traurig must now pay him almost $17 million to cover these costs. The court also ordered the firm to pay Tiësto’s legal fees, which were almost €35,000.
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Highlights
Tiësto wins $17 million
DJ Tiësto won a lawsuit against a law firm.
Incorrect tax advice caused loss
The firm gave bad tax advice to Tiësto.
Court ordered payment
The court ordered the firm to pay Tiësto $17 million.
Legal costs also awarded
The firm must also pay Tiësto legal costs.
Firm was ‘tax advisor to stars’
The firm’s tax advisor was known as ‘the tax advisor to the stars’.