Barry Siegel is slamming back at Elvis’ only daughter, who is suing him and blames him for squandering her father’s fortune, claiming her ex-business manager lost her $100 million inheritance by investing in American Idol, and left her in $500,000 in credit card debt.
In docs filed on February 21, 2018 and obtained by RadarOnline.com, Lisa Marie accused Siegel of “reckless and negligent mismanagement and self-serving ambition,” suing him for “breach of trust, breach of fiduciary duty, negligence, constructive fraud negligent, negligent misrepresentation, unjust enrichment and accounting.”
In the countersuit, Siegel contends Lisa’s wasteful spending is to blame for her financial nightmare, not any investments he may have made. He says he’s due the extra $800 thousand for work he did before she fired him in 2016.
Siegel’s attorney, Leon Gladstone, told RadarOnline.com exclusively that Presley's claims in the suit are "outrageous."
“The response and objection is my clients’ first opportunity to tell the public the truth about this matter," Gladstone told RadarOnline.com. "And we are glad to be able to do that. The true story is very different from the story that Lisa Marie has told.”
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Lisa Marie is still locked in a vicious divorce battle with Michael Lockwood, who is demanding financial support of his own from her, but she argues that she has little money left after Seigel mishandled her late father’s finances
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