Sunday, December 27, 2009
Nicolas Cage Hit With $36.7M Lawsuit
Nicolas Cage's financial difficulties are getting worse.
The star has been struck with another lawsuit, this time for $36.7 million, according to People.
The mag reported that Red Curb Investments is suing the star, alleging that the tax-troubled actor did not repay over $5 million in loans nor did he disclose his tax problems, notably a $6 million debt.
"Our client was assured that Cage had substantial assets consisting of high-end residential property, yachts, airplanes, antiques, custom automobiles, jewelry, furs ... to assure repayment of the loan," the company claimed in the suit, according to the mag. "But the values of Cage's assets were grossly exaggerated."
However, a Cage lawyer told the mag that "Any claims that Nic Cage engaged in fraud or wrongful conduct are absurd and ridiculous."
Cage, embroiled in a lawsuit of his own against former business manager Samuel Levin over his recent financial issues, is also facing another recent lawsuit from ex Christina Fulton, who is suing the star for $13 million.
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