Jackson Estate Facing $7.9 Million Payout
Bosses at a South Korean newspaper are taking legal action against MICHAEL JACKSON's estate, seeking $7.9 million (£5.3 million) over a string of concerts which were allegedly called off.
Attorneys for the Segye Times sued the King Of Pop, his mother Katherine, father Joe and brother Jermaine in 1990 over claims the family members failed to put on a series of concerts they agreed to do in South Korea.
The publication allegedly paid the Jacksons $5.5 million (£3.7 million) for the shows and took the matter to trial in February 1992.
The Thriller hitmaker settled the claims against him outside of court that same year, but a court ruling was entered against his family members in 1994 demanding the remaining $4 million (£2.7 million).
Now lawyers for the Segye Times have brought the case forward again asking the Jackson estate to hand over the new sum of $7.9 million (£5.3 million), inflated because of interest accrued on the amount over the last 15 years, according to new documents filed on Monday (03Aug09) in Los Angeles Superior Court.
It is unclear from the records whether Jackson's estate will have to pay up as Katherine Jackson is the only person listed in the filing who is a beneficiary.