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.


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Comments

evarest's picture

evarest

every one have to be carefull and dont lies gainst the king of pop in other to claim money from jacksons family.
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volfly's picture

volfly

Here we go, only a matter of time I guess...more money-grubbing scum of the earth human beings trying to get Michael's money...even after he has died. How pathetic!!! LET MICHAEL REST!!! It's TIME we let this sweet, sensitive soul REST NOW!
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yaaya's picture

yaaya

here we go again Jackson is dead but people still want his money,if it is true why didn't they sue him when he was alive,the should let him rest in peace,stop it,thief,
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njmralo's picture

njmralo

this is the usa, hey can sue all they want it will be zn exercise in futility.katherine should take the funds asap and tell the idiots there is none left. it is money that was put aside for his children.are they going to sue them toothey are mindless jerkc
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KimInNY's picture

KimInNY

What the Heck are these money hungery people thinking? It has been 15 years people. It should have been settled then not now that he has passed on. There has to be something in our laws in the USA that settles this stupid crap for what he has already paid on it seeings it is so old.They are only doing this for the money and thinking they can help their Economy with sueing Michael's Estate for something that should be marked paid in full seeing it is a Debt that is over 10 years old.Leave him and his Family alone for God's sake.Let him rest in peace and accept the money that he already paid you and call it even.I Love you Michael!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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