The company that was appointed as co-conservator of Britney Spears' estate is moving to withdraw as a result of her bombshell testimony decrying the conservatorship as "abusive."
Bessemer Trust, a wealth management firm, requested to resign from Spears' conservatorship in a court filing Thursday, citing "changed circumstances," The New York Times reports.
Last year, a judge appointed Bessemer Trust to serve as co-conservator of Spears' estate alongside the pop star's father, Jamie, who she has asked to be removed from the conservatorship. According to the Times, though, the company hadn't yet taken any actions as co-conservator.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The Thursday filing stated that Bessemer Trust is seeking to withdraw as a result of Spears' recent stunning testimony in court, in which she spoke out against the conservatorship and asked for it to be ended.
"As a result of the conservatee's testimony at the June 23 hearing, however, Petitioner has become aware that the Conservatee objects to the continuance of her Conservatorship and desires to terminate the conservatorship," the court filing says, per the Times. "Petitioner has heard the Conservatee and respects her wishes."
TMZ reported that the company is "bailing" on the conservatorship because the situation has become a "hornet's nest" amid the growing outcry. On Wednesday, a judge rejected Spears' request to have father removed from the conservatorship, though this wasn't a response to the June 23 hearing. Spears' attorney has reportedly not yet filed a request to end the conservatorship.
-
Home Depots are the new epicenters of ICE raidsIn the Spotlight The chain has not provided many comments on the ongoing raids
-
Why does Trump keep interfering in the NYC mayoral race?Today's Big Question The president has seemingly taken an outsized interest in his hometown elections, but are his efforts to block Zohran Mamdani about political expediency or something deeper?
-
The pros and cons of banning cellphones in classroomsPros and cons The devices could be major distractions
-
Florida erases rainbow crosswalk at Pulse nightclubSpeed Read The colorful crosswalk was outside the former LGBTQ nightclub where 49 people were killed in a 2016 shooting
-
Trump says Smithsonian too focused on slavery's illsSpeed Read The president would prefer the museum to highlight 'success,' 'brightness' and 'the future'
-
Trump to host Kennedy Honors for Kiss, StalloneSpeed Read Actor Sylvester Stallone and the glam-rock band Kiss were among those named as this year's inductees
-
White House seeks to bend Smithsonian to Trump's viewSpeed Read The Smithsonian Institution's 21 museums are under review to ensure their content aligns with the president's interpretation of American history
-
Charlamagne Tha God irks Trump with Epstein talkSpeed Read The radio host said the Jeffrey Epstein scandal could help 'traditional conservatives' take back the Republican Party
-
CBS cancels Colbert's 'Late Show'Speed Read 'The Late Show with Stephen Colbert' is ending next year
-
Shakespeare not an absent spouse, study proposesspeed read A letter fragment suggests that the Shakespeares lived together all along, says scholar Matthew Steggle
-
New Mexico to investigate death of Gene Hackman, wifespeed read The Oscar-winning actor and his wife Betsy Arakawa were found dead in their home with no signs of foul play
