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Nic Cage Settles

Financial Ruin Lawsuit

9/1/2010 1:55 PM PDT BY TMZ STAFF

Nicolas Cage has settled his mega-lawsuit with the accountant Nic claims ruined him financially ... TMZ has learned.

Nicholas Cage Lawsuit
We picked up documents at the court this AM showing Nic and CPA Sam Levin settled their suit/countersuit Monday.

Nic claimed Levin made reckless investments -- especially in real estate -- that cost him millions. Cage also blames Levin for a $14 million tax debt.  In his countersuit, Levin claimed Nic was a spendthrift who bought $33 million worth of homes and 22 cars, including 9 Rolls-Royces.

As for the terms of the settlement -- confidential.  All we could get from one source was this:  "Nic is happy that it is resolved."

Define happy.

25 COMMENTS

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1.

John    

wow that was fast.... guy must have felt real guilty

1490 days ago
2.

evil king    

good he's the best

1490 days ago
3.

jus-sayin    

Love him...hope he got what he wanted.

1490 days ago
4.

northern gypsy    


excellent...now that's settled...maybe N.C. will choose his movie part...
instead of just working for $$$ !!!

1490 days ago
5.

Bleh!    

Nick has those 'gypsy eyes' as Cher told him in Moonstruck. Can't help it, LOVE NC!

1490 days ago
6.

Are you sure?    

Nic Cage brought on his own financial problems! He spent money like a mad man!

1490 days ago
7.

MIDNIGHT TOKER    

sounds like nick got nothing

1490 days ago
8.

naplessell    

a fool and his money is soon parted

1490 days ago
9.

MeeMee    

A "spendthrift" would be someone who DOESN'T spend much money. Dur.

1490 days ago
10.

Word czar    

A spendthrift (also called profligate) is someone who spends money prodigiously and who is extravagant and recklessly wasteful. The origin of the word is someone who is able to spend money acquired by the thrift of predecessors or ancestors.

"Thrifty" means careful and diligent in the use of resources or just cheap!

1490 days ago
11.

Glen    

Cage got ****. I'm sure the accountant threatened to expose the actor's spending habits, which included $1 million on comics!

1490 days ago
12.

haha    

how ruined can you be when you have waterfront property right in the heart of the Bahamas on Paradise Island next to Atlantis?

1490 days ago
13.

Eric Anderson    

Where are his autos going to sold off? Thru some nearby auction house! Who has the funds to purchase such a nice estate full to the rim with autos!
Why could he not live more concervatively, perhaps join the Navy and paint the PT boat!
Get a clue, degreed economist from the bank have been seen to walk the "public right of way" with an empty cart from the nearby grocers! How and why could Nicalous pocess this entire amount of wealth! Haven't you heard of a lease agreement!

1490 days ago
14.

justpicky    

IM suprised I.R.S. didn't sieze her properties , vehicles , bank acctsssss and much much more .......Frozen solid .

1490 days ago
15.

Flagrante Delicto    

Oops, don't forget about the 125' Feadship ****pit motoryacht he would cuise to the Bahamas in. Or the homes and island he frequented in the Bahamas.

1490 days ago
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