Britney Spears Loses Conservatorship Case Despite Moving Testimony, Financial Firm Wants To Withdraw
Despite Britney Spears' bombshell testimony last week, a Los Angeles Superior Court judge denied request from the singer's lawyer, Samuel D Ingham III, to drop Jamie Spears as the singer's co-conservator
Despite
Britney
Spears'
bombshell
testimony,
last
week,
a
Los
Angeles
Superior
Court
judge
denied
request
from
the
singer's
lawyer,
Samuel
D
Ingham
III,
to
drop
Jamie
Spears
as
the
singer's
co-conservator.
According
to
reports,
now
wealth-management
firm
named
Bessemer
Trust
has
also
filed
to
approve
its
resignation
from
the
case.
Britney
Spears
who
has
a
fortune
of
over
$50
million
[approximately
Rs
372
crore],
has
been
under
conservatorship
since
2008
when
she
went
through
a
very
public
mental
breakdown
on
losing
the
custody
of
her
children.
Over
a
decade
later,
the
singer
filed
for
her
father
Jamie
Spears
to
be
removed
as
her
guardian
and
claimed
that
the
conservatorship
was
abusive.
She
went
on
say
that
she
is
"afraid
of
her
father" and
alleged
that
he
"loved
the
control
to
hurt
his
own
daughter."
The
court
however
ruled
that,
"The
conservator's
request
to
suspend
James
P
Spears
immediately
upon
the
appointment
of
Bessemer
Trust
Company
of
California,
N.A.
as
sole
conservator
of
estate
is
denied
without
prejudice."
While
Bessemer
Trust
Company
joined
Jamie
last
year
as
co-conservator
of
the
estate
in
November
2020,
the
firm
said
that
it
is
yet
to
act
as
a
co-conservator
as
certain
documents
are
still
pending
to
be
filed
before
the
judge's
order
comes
into
effect.
However,
Bessemer
Trust
has
asked
the
judge
to
approve
its
resignation
from
the
case,
citing
"changed
circumstances" including
"the
fact
that
the
Conservatee
claimed
irreparable
harm
to
her
interests."
This
means
Jamie
will
continue
to
be
the
sole
conservator
of
Britney's
estate
at
present.