Britney Spears' former manager Sam Lutfi is suing the X Factor judge and her parents Jamie and Lynne for breach of contract, libel and defamation for comments Brit's mom made in her 2008 book, "Through the Storm: A Real Story of Fame and Family in a Tabloid World," which he claims he went through "unfathomable amounts of ridicule and public scorn."
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The trial is currently underway with Sam, Britney's parents, and fianc� Jason Trawick, all scheduled to testify.
According to RadarOnline.com, Brit was not doing well managing her finances when Sam was in the picture.
"Britney was hemorrhaging money at the time when Sam Lutfi was in her life and acting as her manager. Her estimated net worth in 2007-2008 was $32 million dollars. However, she was spending about a whopping $700k a month," a source close to the situation tells Radar.
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In 2007 Britney had a very public meltdown, which included shaving her head and hitting a photographer with an umbrella, and Sam claims he was unfairly blamed for the pop singer's issues that led up to her behavior.
He wants a portion of Brit's earnings from her Blackout album he worked on, but her family doesn't feel he deserves anything.
Her worth is estimated "to be around $100 million dollars because of her lucrative X Factor contract, which pays her $15 million per year and the $68 million dollars from her worldwide Circus tour in 2011. Sam wants a piece of her fortune now, which absolutely infuriates her parents who are also being sued by him. The only reason that Britney is in the black now is because her dad took control and got Sam out of her life. Period. It's important to remember that Britney never signed a contract for Sam to be her manager, it was only an oral commitment according to Lutfi," the insider explains.
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According to the source, Brit was going broke fast with Sam around until her parents stepped in and took control of the situation.
"Britney also had huge legal bills because she was fighting her ex-husband, Kevin Federline, for custody of their two sons. She probably paid around $2 million dollars in attorneys' fees to her family law attorneys in just a year and a half, and remember, she ended up losing custody of the boys to Kevin. Britney also leased several very high priced rental mansions in Malibu, including one house that she only spent three nights in! Britney also went on insane shopping sprees and bought a number of luxury vehicles. Britney wasn't working during that time and didn't have a source of new income coming in. At the rate she was spending money when Sam was in her life, had it continued without her dad getting conservatorship, she would have been broke," the insider added.
The trial is expected to last about three weeks.
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