EXCLUSIVE: Cash-Strapped Nicolas Cage Asks Court: Don't Let My Business Managers Speak
Posted on Dec 07, 2010 @ 01:45PM

Silence is golden.
Nicolas Cage, facing financial ruin, is asking a Los Angeles court to ban his high-powered business managers from speaking to Nevada State Bank, which is suing Cage over a house he once owned that went into foreclosure.
The Rock movie star was previously ordered to pay the bank $2.5 million dollars, as RadarOnline.com previously reported.
Lawyers for the bank state in a court filing that Team Cage “have (1) possession or control of property belonging to the judgment debtor; (2) are indebted to the judgement debtor; (3) otherwise have information about the judgement debtors property and other assets.”
The bank is requesting Cage's business managers appear for a deposition in early January 2011.
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However, the Hollywood star has told court his “private financial and business records, confidential tax returns, confidential communications with tax authorities and documents” should be protected by attorney-client privilege.
His lawyer said, “Significantly, Defendants have demonstrated an intent to publicly disclose private confidential information to harm Cage's reputation and public standing and to obtain undue advantage in this litigation.”
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Cage reportedly owes more than $6 million in unpaid taxes.
Cage even wants $4000 in sanctions against the bank; the matter is under submission to the judge.
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I can not muster up any pity for this man. If you can recklessly squander away all that he had, then you deserve not to have it. Such a fool.
Posted Thu, 12/09/2010 - 6:45am