from www.tmz.com – Nicolas Cage is being sued for going south on a big fat loan.
East West Bank claims it extended Cage a $2 million line of credit in August 2007. The bank claims he agreed to pay $11,590 per month. The bank says he missed his payment in May 2009. He missed June as well, they claim.
And July. And August. And September.
The bank is now invoking its right to call the entire balance due, stat.