Nicolas Cage sued his former business manager for $20 million Friday, claiming bad advice and mismanagement led him toward financial ruin. Cage filed the lawsuit against Samuel J. Levin and his firm. “Instead of protecting and preserving Cage's wealth during one of the greatest economic periods in the country's history, Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses,” the lawsuit states. Levin served as Cage's business manager from 2001 to 2008 and collected millions of dollars in management fees, court documents state.
