Hollywood actor Johnny Depp has reached a settlement in his legal battle with the Management Group, averting a trial that was set to begin next month. Depp sued his former managers in January 2017, accusing them of spending millions of dollars without his permission. He sought $25 million in damages, including years worth of professional fees.

The Management Group, led by Joel and Robert Mandel, filed a countersuit alleging that Depp was responsible for his own financial straits, and documenting millions of dollars of expenditure on wines, luxury homes, household staff, art, private jets, security and a cannon to blast Hunter Thompson's ashes. The terms of the settlement were not disclosed, reports variety.com.