Just when it looked like Nicholas Cage’s financial situation couldn’t get much worse, it has- he’s being sued over a couple Rolls Royces.

According to the breach of contract lawsuit, the “National Treasure” actor leased two cars from Premiere Financial Services for $10,000 a month/60 months and returned them before the term of the agreement had been reached.

From there, Premiere Financial Services sold the cars at wholesale, and is now looking to recoup their losses to the tune of over $240,000.

Add that to the $6 million in back taxes Cage owes, and it looks like Nicolas keeps digging deeper into debt.

Photo Credit: SplashNewsOnline.com

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Nicolas Cage: More Financial Woes

Making it one of her top priorities, Kendra Wilkinson has introduced son Hank to Hugh Hefner.

According to People magazine, after meeting Hank Baskett IV for the first time last week, the 83-year-old exclaimed, “The baby is a winner!”

Having no awkward feelings toward his ex “Girl Next Door” gal Hef added, “He’s a gorgeous baby. Kendra should be very proud.”

Looking back on Kendra, the “Playboy” guru reminisced, He adds, “She was the wild child when I first met her and she wound up being the first of the bunch to get married here at the Playboy Mansion. Now she has a baby. It’s the stuff that dreams are made of.”

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Kendra’s Son Meets Hugh Hefner

She has always been a woman of many talents so it comes as no surprise that Madonna is trying her hand as a fashion designer.

The “Material Girl” pop star is joining forces with Iconix Brand Group, Inc. which is the company behind labels such as Candies’ and Badgley Mischka.

People magazine reports that the Queen of Pop will be launching her own style empire called MG Icon.

“Joining forces with Iconix to bring my fashion ideas to consumers is very exciting for me,” says Madonna in a press release.

Come August 2010, the first of Madge’s empire – a junior collection called Material Girl – will be available exclusively at Macy’s stores and online.

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Madonna: Pop Sensation To Fashion Designer

Looking ever-so-adorable, AnnaLynne McCord was spotted getting back into the swing of Los Angeles living on Tuesday evening (March 9).

The “Beverly Hills 90210” hottie sported a stylish pair of blue DKNY Smoothies as she busily ran errands all around town.

As previously reported by Gossip Center, Miss McCord spent the past weekend with Kellan Lutz in San Juan, puerto Rico for Roselyn Sanchez’s Triathlon For Life.

After participating in the grueling physical activity, AnnaLynne, Kellan and fellow celebs including Vanessa Minnillo and Nick Lachey all joined together at an after pool party in celebration of their fundraising efforts.

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AnnaLynne McCord: DKNY Smoothies Sexy

He’s been gone for almost 8 months, and details on Michael Jackson’s life have been revealed by some of his former bodyguards.

In an interview with “Good Morning America” – three of the King of Pop’s bodyguards sat down and spoke about Jackson’s very private life.

The bodyguards who were with the singing icon 24/7 admitted they became “more than just security” as they traveled with Jackson and his kids all over the country.

All in all, during the interview the three beefy men smiled and remembered what a good father Michael was with one of them saying the kids were constantly telling him “I love you, Daddy,” adding the kids were just like regular kids yet extremely polite.

The bodyguards also revealed that they firmly believe their beloved boss was not a pedophile.

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Michael Jackson’s Bodyguards Reveal Secrets

Still chilling out in the City of Lights, Kate Moss was spotted leaving the Ritz Hotel en route to some shopping today (March 10).

The supermodel/designer looked to be in good spirits as she embarked on a stroll to the Colette shop, sporting a red jacket, black and white striped top, and jeans.

And as previously reported by the Gossip Center, Kate is still holding quite a grudge against Sienna Miller for dumping her pal Rhys Ifans last year. 

In fact, Miss Moss has declared that Sienna is not allowed to attend her annual Easter party, though mutual friends like Jude Law and Sadie Frost have tried to get her to change her mind.

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Kate Moss: Ritz Hotel Hottie

Kicking off their day with some quality time together, Jude Law and Sienna Miller were spotted at Café Gitane restaurant in New York City today (March 10).

The “Sherlock Holmes” stud and the “Hippie Hippie Shake” babe tried their best not to be photographed together as they made their exit from the gourmet breakfast eatery.

And though they’re trying to be discreet about their relationship, Jude and Sienna reportedly spent time with Miss Miller’s parents in Manhattan over the weekend.

Additionally, Sienna and Jude were also said to have hung out with Jude’s mom and dad in London back in February.  Cue the marriage speculation!

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Jude Law and Sienna Miller: Breakfast Mates

Enjoying the newly-arrived spring weather, Naomi Watts was spotted out on the streets of Manhattan this afternoon (March 10).

The “King Kong” actress was busy hosting the Liberty of London For Target Pop Up experience, looking fine in a black cardigan, printed top, black trousers, and green flats.

On the homefront, Naomi told press her 14-month-old son Samuel (who goes by his middle name Kai) is already starting to talk on a regular basis.

“Kai is definitely starting to talk. He says ‘book,’ ‘apple’ and ‘banana,’ his brother’s name, and ‘Mommy’ and ‘Daddy.’”

Continue here: Naomi Watts: Liberty of London Lady

Always looking fabulous, Gwyneth Paltrow spent the day on the red carpet at Emirates Palace Hotel in Abu Dhabi on Wednesday (March 10).

Having flown to the United Arab Emirates from London the previous day, the Oscar winning actress happened to be on-hand for the Laureus World Sports Awards.

In related news, Miss Paltrow continues to dish advice through her GOOP newsletter, recently telling, “Basically everyone I know is knackered, me included. But I didn’t imagine that there could be health problems associated with not getting a good night’s rest.”

The 37-year-old continues, “I recently read a book called Light’s Out: Sleep, Sugar and Survival by T.S. Wiley which talks about the negative cumulative effects of sleep deprivation (aging, hormonal imbalances, etc.) I asked one of my doctors, Frank Lipman, for his opinion on the subject and the result is the fascinating piece below, followed by some suggestions on ways to sleep better.”

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Gwyneth Paltrow: Laureus Awards Lovely

Continuing to garner attention as a result of her affair with Tiger Woods, Jamie Jungers was spotted visiting the Howard Stern Show in New York City on Wednesday (March 10).

The blonde beauty was all smiles upon exiting the studio, as she was declared the big winner in Howard’s Tiger Woods Mistress Beauty Pageant.

As a result, Jungers walked away with a ring custom designed by Steven Singer Jewelers which features a 3-carat round black diamond in the center with another half carat in diamonds around it.

Making for quite the pleasant moment, Jamie also was bestowed a handsome $100,000 in cash prizes.

Continue here: Jamie Jungers Wins Tiger Mistress Beauty Pageant