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LOS ANGELES (AP) -- Nicolas Cage is suing his former business manager for $20 million, claiming the man's advice led him toward financial ruin.

Cage claims in a lawsuit filed Friday that Samuel J. Levin and his firm placed the actor in a precarious financial situation that has resulted in catastrophic losses.

The lawsuit claims Levin gave Cage bad advice, failed to tell him about his shaky finances and collected exorbitant fees.

The lawsuit states Cage has sold numerous assets in recent months because of his finances.

A phone message left for Levin was not immediately returned.

Cage won an Academy Award for his role in "Leaving Las Vegas" and has made millions starring in action flicks such as "Con Air" and the "National Treasure" films.