City National Bank is suing Toni Braxton because she defaulted on a $900,000.00 promissory note she signed in 2007. Toni, who is also being sued by Lloyd's of London [they filed a counter suit to her suit against them. Click here for the whys], encountered cash flow problems after quitting her Las Vegas show in the middle of her run after a health scare. She renegotiated the terms of the note in February 2008 but fell behind in payments this past April. CNB is seeking $657,567.54 in missed payments and more than $44 thousand in interest.
