Nicolas Cage faces financial trouble
Submitted by Jatin Malhotra on Sun, 10/04/2009 - 02:57.
London, Oct 3 Oscar-winning actor Nicolas Cage is in financial trouble, since a bank is suing him for breach of contract.
The actor is facing a $2 million lawsuit for allegedly breaching contract on an agreed monthly sum to East West Bank, reported imdb.com.
The bank officials claim they extended Cage a line of credit in August 2007 and he agreed to pay $11,590 per month until the debt was paid.
But the bank alleges that Cage missed payment for May, June, July and September.
East West financiers are now demanding the return of the entire sum, plus costs. (IANS)
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