Nicolas Cage Money Manager Suit

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rJuDu'"riAtiA"F{Ea{l{9'*a0flry'l-,^Atrftnn^mrArr JohnA.ctarke,Execonve0ffieer/clerkAIMLY&SINGERrRorEssIol$ALcoRPoRATIoNIrrr/??T T^ndq2049CenatryParkEasr,Suire2400LosAngeles,California90A672gA6Telephone:310)55G3501Facsimile:310)556-3615Email: rndsine@Iavey sinp.combwqlftdlavelysnge.comteag4n(&aveys nser.c0nrAttnrneys forPlainriffNICOLAS CAGE

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PROFESSIONALNEGLIGENCEIBR"EACIIOtr' F'IDUCIARYDLIIIYTCONSTRUCTIWFRATJD;CONCS,AI"KIENT;NEGLIGENTS{ISREPRESENTATION;BRHACHOf'COIffRACT;arrdACCOT]NTINGDEMANUFOR.TARYEIaL

iPlaiutiffNICOLASCAGE("Plaintiff'ornCage")allegesasfollows:

sul{MA.RYOFCLAIM

1.NicolasCagasoneof themostsoughtafter afidlrighly paidactorsn theworgl.I'Iesalsohevictinofan ncomperentusinessmaoager,amuel.Levin("Levin"),whoinedhispockaswithseveralmillion dollarsin businessmanagementeeswhilesendingCagedownapathtowardfinancialruil. Likemanysuccessfulartistswhotrusrfinancialprofessionalso(1)

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SUPERIOROURTOF THESTATEOFCALIFORNIAFORTI{E COUNTYOF LOSANGELESWESTDISTRTCT

NICOLAS CAGE,aniudividuat,Plainiff,v.SAMTIEL J.LEVIN,anindividual;Defendanrs.SAMIJELJ.LEVIN, C.P.A.,INC.,A)Califoroia corporariorr;LEVIN&)COMPANYMANT.CEMENT,INC.,Aibusiaessentity,fiormunknown;andDOESiI through50,iaclusive,)CASENO.COMPLAINTF'OR:

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advisehem,Cageeliedon Levin tohandlehis financialaffairs o ensure hat heandhis familywouldhave a financiallysecure uture built onthefoundationofthesubstantialmoniesCageearnedhroughyearsof hardwork. However,Cagediscoveredhathe s now forcedosell majorassets nd nvestmentst a significantossand s facedwith huge ax iabilitiesbecause f Levin'sincompetence,isrepresentationsndecklessness. ather hanattaining inancialecurity,Cagehasbeenorcedo disposefsignificantassetsn order opayforLevin'sgrossmisconduct.2.NicolasCages a worlcl enowned cademy wardwinningactor,and soneofthe mosthighly respected ndsought fteractors n Hollywood,havingappearednexcess f fifty(50)motionpicturesduringhepastwodecades. n 2001, Cageetainedevin, abusinessmanager ndcertifiedpublicaccountant,o oversee ndmanageis businessnterests,nvestmentsandinances.For the next sevenyears,Levinprofitedoff ofthehard work and creativeabilityof Cage,payinghimselfmillionsofdollars. Instead fprotectingndpreservingage'swealthduringone of thegreatesteconomicperiodsn thecountry'shistory, LevinplacedCage nnumeroushighly speculativeand risky real estate nvestments, esulting in Cage sufferingcatastrophicosses.n addition,Levin failedo timelypaytaxesonbehalfof Cagewhendue,resulting n millionsof dollars n backaxes, nterestndpenaltieswedbyCage.3. It was only recently, whenCageerminatedLevin and retainednewbusinessmanagementnd accountant ervices, hat Cageearnedhegravityofhis financialcondition.Amongother hings,Levinrecommendednd acilitatednumerous ighly risky andspeculativereal estatenvestments;ailed oproperlydiversifyCage's nvestmentortfolio;ailedo obtainproperandadequatensurancen behalfof Cage ndhis various nvestmentseaving Cage ubjectto uninsuredlaims;andmisrepresentednd concealedage's ruefinancialstatus theime hatplaintiffacquiredassets nd investments.As a result of Levin'sgrossmismanagementfthefinancialaftairsof Cage,Cagehas sufferedsignificantmonetaryosses,and his reputationasbeenrreparablyarnished.tl I

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COMPLAINT

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ALLEGATIONSCOMMON TO ALL CAUSESOFACTIONThe Parties4.Cages, andat all times elevantheretowas,a part-timeesident f theCountyofLosAngeles,State f California.5.Levin s, andatalltimes elevant eretowas,an ndividualesidingn theCountyof LosAngeles,State f California.6. Plaintiff is informedandbelieves, ndbasedhereon lleges, hatDefendantJvin&Co.Management,nc.("kvinManagement")s abusinessntity, orm unknown,with itsprincipalplaceofbusinessocatedn the CountyofLos Angeles,Statef California.7 Plaintiffs nformedandbelieves,ndbasedhereonlleges,hatDefendantamuelJ. Levin,CPA, nc.("Levin,Inc.)is a California orporation, ithtsprincipal lacef businesslocatedn theCountyof Los Angeles,StatefCalifornia.(Defendantsevin, LevinManagementandLevin, Inc.are sometimeseferred o collectivelys "Defendants.")8. Plaintiff s nformed ndbelieves ndbasedhereon llegeshatLevinManagement and Levin, Inc. aremereshellsonly andhaveno existenceeparate nd apart rom theirowner,Levin. At all times mentionedherein hereexisteda unity ofinterestandownershipbetweenLevin and hiscompanies evin Management nd Levin, Inc., such hat any individualityandseparatenessetweenLevin, on the one hand,andLevin Management nd Levin, Inc.,on theotherhand,hasceased, nd both Levin Management nd Levin, Inc.are he alter egosof Levin.9. Plaintiff is informed and believesand based hereonalleges hat the assets ndpropertiesof Levin Management,nc. and Levin, Inc. arecommingledwiththeseparate ssetsofLevin, such hathere s no distinctionbetweenhe ndividualand he entityassets.Plaintiffisfurtherinformed andbelievesand based hereonallegeshatadherenceo the fictionof theseparatexistence f Levin Managementnd Levin,Inc.as entitiesdistinct rom Levinwouldsucceednavoiding egally incurred iabilities while maintaining hebenefitsof theentities,anunfairandunjustesult.10. The true namesand capacities f thedefendantsOES Ithrough50, inclusive,whetherndividualplural"corporate,artnership,ssociate r otherwisere notknown to

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COMPLAINT