Tori Spelling and Dean McDermott have been in a nasty legal war with City National Bank after the cash-strapped stars refused to pay off their massive debt. Now, RadarOnline.com can exclusively reveal the bank is requesting the court seal information to protect Spelling’s Beverly Hills 90210 reboot income and their settlement agreement.
In court papers obtained from Los Angeles Superior Court, City National Bank seeks to file unredacted versions of its Ex Parte Application for a Restraining Order and its Motion for an Assignment Order on July 22, 2019.
“The Application, Motion and Exhibits thereto contain confidential information of Spelling, which is subject of a confidentiality provision between the parties, as well as confidential financial information of the Judgment Debtor,” the court papers read. “If accessed by the public, potentially may injure the business interests of the Judgment Debtor.”
In the Application and the Motion, City National Bank is seeking an Assignment Order of money due or that will be due as a result of her work in the entertainment industry.
The parties entered into Stipulation for a Protective Order, which prohibits the parties from disclosing any of the Confidential Information publicly, which is why they are moving to seal the documents.
“If the Confidential Information is made available to the public, it may injure each parties’ various relationships with others in the industry, by potentially making it more difficult for Judgment Debtor to obtain work in the industry, or potentially making it more difficult for Judgment Creditor to obtain clients in the industry,” the court papers read.
In the Stipulated Protective Order filing, the parties claim Spelling's acting or entertainment services for pay related to the Beverly Hills 90210 reboot, as well as testimony from Judgment Debtor at any Judgment Debtor Examination regarding the specific terms of such agreement, is considered “Confidential Material” and should be sealed.
The bank believes the parties’ overriding interest in maintaining the confidentiality of the settlement agreement and its terms will be prejudiced without a sealing order.
In the redacted version of the Ex Parte Application for Order, they are asking the court to prevent Spelling, 46, McDermott, 52, her corporation Toto Entertainment Corp., her talent agent, talent manager and attorneys from accessing her paychecks before the bank is paid.
City National Bank said, “there is a need to restrain the Judgment Debtor” because they have yet to be paid the $266,022.73 she owes.
The bank also requested a judge to stop anyone from getting her income from the 90210 reboot and other jobs.
A court hearing has been set for a judge to decide on Tuesday, July 23.
As Radar has reported, City National Bank sued the couple for failing to pay back a $400,000 loan from 2010.
City National Bank accused them of “owing plaintiff an unpaid principle balance in the amount of $185,714.05, plus interest in the amount of $2,407.92 and late charges in the amount of $681.41 for a total of $188,803.38.” They also requested the $17,149.09 she withdrew in September 2016.
City National Bank was awarded a judgment of $202,066 against Spelling and McDermott in May 2017.
Interest in the amount of $40,280 was added because she failed to pay, as McDermott has to pay an additional $37,029.
A bench warrant was issued after the mother-of-six failed to appear for a court hearing. The warrant was dissolved in April, as she agreed to produce documents and meet with attorneys.