Contact Us

U2′s Adam Clayton Seeking Millions in Misappropriated Funds Lawsuit

U2
Kevin Winter, Getty Images

From early 2005 to late 2009, U2 grossed boatloads of money from their Vertigo Tour and every-bit-as-massive 360 Degree Tour.

At the same time, bassist Adam Clayton claims he was losing big bucks, too. Clayton says his personal assistant back then misappropriated $7.5 million of his hard-earned money, and now Clayton is suing all of the parties believed to be involved.

According to Clayton, then-assistant Carol Hawkins took his funds over a five-year stretch that actually started prior to the March 2005 launch of U2′s Vertigo Tour. Clayton has filed a lawsuit against Hawkins, who reportedly has already admitted to using Clayton’s credit cards and taking about $16,500 of his money without authorization.

He’s also filed suit against Bank of Ireland Private Banking and the accounting firm Gaby Smyth & Co. As for damages, Clayton is looking for about $7 million from the bank and the reported missing $7.5 million from the accounting firm. A ruling is expected in the next few weeks.

This is not the first time Clayton has had a legal beef with Gaby Smyth & Co.; he sued the firm after its 2007 relocation of U2′s song publishing company to Holland.

More from 103.7 The Hawk

Best of the Web

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://kmhk.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on 103.7 The Hawk quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on 103.7 The Hawk quickly by logging in with your Facebook account. It's just as secure, and no password to remember!