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.
Celebrity Justice4/24/2009 9:30 PM PDT BY TMZ STAFF
Jack Wants Payback -- Sues Ex Studio Head
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Reader Comments
(Page 1 of 2) | 1 | 2 | Most Recent | Next 15 Comments5.
Jack is a boring has-been. How much money is enough? I've never understood his appeal.
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8.
Number 8 - Don't give up your day job ( which is probably sling hash at some diner)
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11.
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
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12.
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.
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13.
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.
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15.
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
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