The Michael Jackson estate is tired of waiting for Lloyd's of लंडन to pay out on the $17.5 million "This Is it" insurance policy -- so they're going after Lloyd's in court ... demanding they pay up, stat.
Lloyd's of लंडन originally issued the policy to cover potential losses for MJ's 2009 "This Is It" concerts -- but earlier this year, the company asked an L.A. court to declare the policy null and void ... claiming MJ lied about his medical history and drug addiction.
Lloyd's insists the policy "was restricted to losses resulting from accident only" -- pointing out Michael's official cause of death was "homicide."
But the estate is now on the offensive -- filing a cross-complaint, claiming MJ never intended to die, whether द्वारा homicide या not, so his death still qualifies as an accident.
But the estate isn't just settling for the original $17.5 million -- they also want punitive damages. FYI, suing for punitive damages often scares the crap out of insurance companies.
Lloyd's of लंडन originally issued the policy to cover potential losses for MJ's 2009 "This Is It" concerts -- but earlier this year, the company asked an L.A. court to declare the policy null and void ... claiming MJ lied about his medical history and drug addiction.
Lloyd's insists the policy "was restricted to losses resulting from accident only" -- pointing out Michael's official cause of death was "homicide."
But the estate is now on the offensive -- filing a cross-complaint, claiming MJ never intended to die, whether द्वारा homicide या not, so his death still qualifies as an accident.
But the estate isn't just settling for the original $17.5 million -- they also want punitive damages. FYI, suing for punitive damages often scares the crap out of insurance companies.
Today is the two-year anniversary of Michael Jackson's death -- and the saga has played out like a soap opera about betrayal, jealousy, love, greed and redemption.
When TMZ broke the news, it triggered a flood of stories about Jackson's struggles with drugs, the doctors who enabled him, the mystery surrounding his death, a little known drug called propofol, a family war against Michael's estate, a full court press to erase Michael's debt, and a posthumous marketing campaign to rival Elvis.
Take a look at TMZ's timeline from the moment we found something was terribly wrong with Michael.
When TMZ broke the news, it triggered a flood of stories about Jackson's struggles with drugs, the doctors who enabled him, the mystery surrounding his death, a little known drug called propofol, a family war against Michael's estate, a full court press to erase Michael's debt, and a posthumous marketing campaign to rival Elvis.
Take a look at TMZ's timeline from the moment we found something was terribly wrong with Michael.
the kitchen is mess
In a लॉस्ट world
I hear your voice
Calling for heaven
Cast away
Caught in memories
आप must believe
प्यार will come through
I’ll be your angel
In your darkest night
I’ll be your destiny
Waiting द्वारा your side
I’ll be the sunshine
When you’re feeling blue
I’m always here
For you
Comes a day
दिल on fire
When all your faith
Seems to be missing
Go your way
And you’ll find there
A land of hope
A land of dreams
I’ll be your angel
In your darkest night
I’ll be your destiny
Waiting द्वारा your side
I’ll be the sunshine
When you’re feeling blue
I’m always here
For you
And when आप lose it all
And nothing seems right
Just keep holding on to me
I’ll be your angel
In your darkest night
I’ll be your destiny
Waiting द्वारा your side
I’ll be the sunshine
When you’re feeling blue
I’m always here
For you
Lloyd's of लंडन has gone to court ... asking a judge to let the company off the financial hook, claiming it doesn't owe the Michael Jackson Estate $17.5 million on grounds MJ was a fraud.
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ कहा he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing और than an insurance company trying to avoid paying a legitimate claim द्वारा the insured."
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ कहा he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing और than an insurance company trying to avoid paying a legitimate claim द्वारा the insured."
Katherine Jackson is still ADAMANT her son never molested any children ... including MJ's 1993 accuser -- and insists MJ only paid the kid off because his lawyers gave him bad advice.
Katherine appeared on "Today" this morning ... where Matt Lauer asked if there was anything she wanted to clear up about her son's life.
Katherine responded, "As far as Michael being a child molester ... that's the biggest lie ever been told."
MJ's mom कहा she read an लेख after MJ died -- in which the 1993 accuser allegedly admitted he made up the story against Michael.
When Lauer asked why MJ forked over a settlement with the boy ... Katherine said, "His lawyers told him he should just pay the money .. they thought that just paying the money and shut the people up would be the right thing to do."
Katherine कहा she asked MJ why he made the हटाइए -- and MJ told
her, "I didn't want to do it either mother, I wanted to fight it because I knew it wasn't the truth."
Katherine appeared on "Today" this morning ... where Matt Lauer asked if there was anything she wanted to clear up about her son's life.
Katherine responded, "As far as Michael being a child molester ... that's the biggest lie ever been told."
MJ's mom कहा she read an लेख after MJ died -- in which the 1993 accuser allegedly admitted he made up the story against Michael.
When Lauer asked why MJ forked over a settlement with the boy ... Katherine said, "His lawyers told him he should just pay the money .. they thought that just paying the money and shut the people up would be the right thing to do."
Katherine कहा she asked MJ why he made the हटाइए -- and MJ told
her, "I didn't want to do it either mother, I wanted to fight it because I knew it wasn't the truth."
Maria von Köhler's Michael Jackson sculpture at the Premises Studios
