Adam Streisand has just told TMZ in the hallway the conservators (Jamie Spears and Andrew Wallet) have asked the court for the power to terminate the services of Britney's divorce lawyers, Trope and Trope.
Sources tell TMZ Jamie is especially irked that the Trope firm has a good relationship with Jamie's arch enemy, Sam Lutfi.
Conservators to Lufti -- Open The Damn Door!
In court just a few minutes ago, a lawyer for the conservators said they have been trying to serve Sam Lutfi with a restraining order prohibiting him from seeing Brit, but he has refused to open the door to accept service.
They mentioned that Lutfi has spoken on the phone with Britney, allegedly in violation of the restraining order.
TMZ knows Lutfi had indeed spoken with Britney over the weekend.
Lawyer Says Brit Worth $40 Million
TMZ is in the courtroom where attorney Adam Streisand just asked the court commissioner to 86 Jamie Spears as conservator of Brit's estate.
Streisand said Brit's estate is worth $40 million. He also said Brit is in the middle of a $17 million IRS audit with her record label Jive Records and she has 15 different businesses.
Streisand asked that the Commissioner name Northern Trust Bank and Howard Grossman, Brit's business manager, as conservators.
Here's the rub-- the Commish wasn't convinced that Streisand, the second cousin of Babs, was properly retained by Britney. So far, no decisions have been made.
Mentally, Brit is Out to Lunch
In court today, a court-appointed lawyer told the Commissioner he visited Britney yesterday just after 5:00 PM PT in the hospital. He concluded that Brit is not currently competent enough to understand the nature of the current legal proceedings, nor does she appreciate the impact that it has on her life.
The lawyer also said Britney lacks capacity to retain a lawyer.
That could be a big problem for Adam Streisand, who is trying to prove that Britney hired him.
Brit's New Lawyer -- A Real Yent!
TMZ has learned Britney's new lawyer, Adam Streisand, is related to Babs herself, and he's not afraid to name drop!
Adam is Barbra's second cousin, though he's said publicly said they don't speak and that she's a very private person.
But we're told in private, Adam's quite willing to talk about the lineage.
Adam has been brought in by Trope and Trope to challenge Brit's conservatorship -- in particular, the appointment of Brit's dad, Jamie.
Whew! I'll update the entry if anything new comes up, though at some point I'll be on my way back from work and won't be around the computer for an hour or so. If something earth-shattering happens in that time and you don't see an update, feel free to post it yourself. :)
P.S. -- WHAT THE HELL HAPPENED TO ALL OF HER MONEY?!
eta: LIVE FEED!
CLICK HERE FOR A LIVE FEED FROM THE COURTHOUSE AS THE MEDIA PREPARE FOR A PRESS CONFERENCE RELATED TO TODAY'S PROCEEDINGS, COURTESY OF TMZ.
eta #2, 6:36 PM EST: SUMMARY OF TODAY'S PROCEEDINGS...
Britney Court Blow-by-Blow
Here are the headlines from today's court hearing:
Jamie Spears is still the co-conservator of Britney's estate, as is Andrew Wallet.
The Commissioner did not give the conservators the power to fire Trope and Trope, Brit's divorce lawyers.
The Commissioner said, based on the restraining order, Sam Lutfi can have no contact whatsoever with Britney -- including e-mails, phone contact, etc.
The Commish extended the conservatorship to Valentine's Day.
The Commissioner said Adam Streisand had no legal basis for claiming he's Britney's new lawyer. There will be a hearing at some point to determine just how mentally competent Britney is.