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Jack Wants Payback -- Sues Ex Studio Head

4/24/2009 9:30 PM PDT BY TMZ STAFF

Jack Nicholson claims he stuck his neck out for a famous Hollywood producer -- and according to a new lawsuit, it cost him big time.

According to papers filed today in in L.A. County Superior Court, Jack claims former studio exec Mark Canton hasn't repaid a $1.2 million loan that he owes Nicholson.

It's a long complicated businessy thing -- but the long story short is Jack says Canton first owed the money to the bank, but Jack bought the loan when Canton defaulted.

Which means Canton is in the hole to Jack for the remaining debt -- $1.2 mil.

Jack is suing for his jack -- plus interest.

20 COMMENTS

No Avatar
1.

Rafa    

Sorry Jack Ass, but a fool and his money are soon parted!

1917 days ago
2.

Serah    

UUgh Whatever with this boring a$$ story. 2ND!!!!!

1917 days ago
3.

why?    

Sue-sue-sue!It's the American away!

1917 days ago
4.

Serah    

OR THIRD! :(

1917 days ago
5.

Wow    

Jack is a boring has-been. How much money is enough? I've never understood his appeal.

1917 days ago
6.

UGGGGHHH    

GET BACK JACK.

1917 days ago
7.

JJ    

Great actor buy nutty as squirrel sh*t.

1917 days ago
8.

rachelle    

Number 8 - Don't give up your day job ( which is probably sling hash at some diner)

1917 days ago
9.

snickers    

Must be another thing on Jack's 'bucket list'...

1917 days ago
10.

Princess Mononoke of She-Rah    

whatever, evil greedy pig actor.

1917 days ago
11.

um, no thanks    

Have you got my money?

No, I had to pay the insurance and car payment but I get paid next week. How much do you want.

I want 1.2 million dollars plus interest.

I don't have 1.2 million dollars.

How much do you have?

I could pay you 1000.00

Okay, sounds good, bring me 1000.00, the keys to your house, the keys to your cars, clean out the cars and leave everything in the house.

Well, the house isn't paid for.

How much do you owe on it?

1.1 million dollars

How much is it worth

around 1 to 1.1 million if we fix up the yard and paint the kitchen and the upstairs.

Okay, just bring by the keys to the cars and the 1000.00

Okay but they aren't paid for

How much are they worth?

About 20,000.00

How much do you owe

16,000.00

Finally, bring the keys

on one and 8,000 on the other.

You owe 24,000 on cars worth 16,000

give or take a little

What assets do you have

I can make quick decisions

okay, give me an example of your making a quick decision

Click




1917 days ago
12.

Carrying a grudge are you?    

so who cares? im sure jack asked the guy to pay it , the guy isnt, so what else can you do? just give the guy over a mil? I dont think so. i love jack.

1917 days ago
13.

Rip It Up    

All of you morons, like #6,7, and 11, that are posting nasty comments about Jack are bums &j*rkoffs. Jack is still the King and will wear the crown until his time has come, which won't be for quite awhile in the distant future. Mr Canton has big bucks, so he better pay up, or his multi-million dollar house in Sherman Oaks will soon be owned by Mr Nicholson.....and by the way, for all of you little turds putting Jack down as an idiot, the man could buy and sell the whole lot of you. STFU.

1917 days ago
14.

SoCal Razzles    

Jack Nicholson is STILL THE MAN in H-Wood. Believe it.

1917 days ago
15.

steve    

whats 1.2 mil too a world famous actor like jack nicholson he must be really strapped for cash if he is complaining about just over a million dried up out of work actor when are u gonna be in another movie jack its been a while since since bucket list and the departed

1917 days ago
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