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Lawsuit Against Michael Jackson’s Estate by Lloyd’s of London Settled

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A judge was informed on Wednesday by lawyers that a lawsuit regarding Michael Jackson’s comeback concerts has been settled, according to ABC News. The lawsuit was for $17.5 million.

The hearing that was originally scheduled would have changed what evidence could have been presented at the trial. Instead, the lawyers for Certain Underwriters at Lloyd’s London and the lawyers for the estate of Michael Jackson announced the settlement.

Lawyers for both sides had no idea how the judge was going to rule prior to them making the announcement about the settlement.

The estate of Michael Jackson was sued by Lloyd’s in 2011. The lawsuit asked that a non-appearance and concert cancellation policy be nullified. The policy was issued two months before Jackson died in July of 2009.

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According to the insurer, the exam of Jackson required to validate the policy was never completed. The insurer also claimed that the tour promoter did not disclose all it knew about the health of Jackson when the promoter applied for the policy.

The attorney for Jackson’s estate is Howard Weitzman and the attorney for Lloyd’s is Paul K. Shrieffer. Both lawyers said they are pleased with the settlement of the lawsuit, which is confidential.

The trial was scheduled for February 24.

  • Alex Andro

    Michael Jackson’s kids were manipulated by Joe Jackson and a French crook Julian Rouas to promote an illegal line of Jackson Tribute Fragrances. A federal court shut them down. See the shocking pics… http://jacksontributefragrances.blogspot.com

  • marco balletta

    #MJFam Was MJ Estate helping AEG and backing up AEG’s lies to get the $$ of the insurance policy since Howard Weitzman’s (lawyer for Jackson’s estate) said about Lloyd’s complaint:

    “nothing more than an insurance company trying to avoid paying a legitimate claim by the insured.” ?

    Mr. Weitzman and Mr. Branca, if MJ Estate had a “legitimate claim” , why have you settled the lawsuit for less than 17.5 millions ?

    I know the answer…it is because the truth is that AEG sought life insurance on ‘basket case’ Michael Jackson ….and on July 1, 2009 , when AEG “legitimately” (your words) submitted the insurance claim, MJ Estate kept the truth hidden going along with AEG lies…

    MJ Estate / AEG threw MJ under a bus claiming the $ of the policy….having Lloyds go after you and your lies !!

    MJ Estate SILENCE over AEG seeking and claiming (WITH LIES) life insurance on ‘basket case’ Michael Jackson , made MJ Estate/Branca, partner in crime !!

    The fact that lloyds reached a settlement, does not change the truth about your wrongdoings.

    4 years ago : MJ’s life , bargained for 17.5 millions …..

    Today: MJ’s life . bargained for less than 17.5 million…..

    MJ’s life got de-priced in 4 years….

    4years ago: Let’s claim $ from a policy because we can keep the truth hidden….

    today: let’s settle for less $ because they caught us

    Too bad that MJ Estate and AEG’s lies came out of the closet…they hoped they would have got 17.5 millions, lying to Lloyds, avoiding a lawsuit….. they avoided a lawsuit paying a “price” …. they got less $ out of it…

    If per AEG contract, Michael Jackson had to acquire a cancellation insurance and name the promoter AEG as a payee….. it means that Michael was both the insured and the purchaser but NOT the payee…does it means that MJ’s Children GET NOTHING of these $…because these money were meant to go to AEG through MJ Estate executor’s hands ?! How morally right these money could even be ?

    On June 19, 2009

    Production manager for “This Is It” sent an email to AEG executives Randy Phillips and Paul Gongaware that read:

    “MJ was sent home without stepping foot on stage. He was a basket case and [director] Kenny [Ortega] was concerned he would embarrass himself on stage or worse yet — get hurt.”

    The email, whose subject line read “Trouble at the Front,” was forwarded by Phillips to then-AEG President and CEO Tim Leiweke with the note, “We have a real problem here.”

    ———

    On June 20, 2009 at 1:52 a.m.

    R. Phillips wrote an email to Gongaware that said he and Leiweke were going to visit Jackson. “I am not sure what the problem is. Chemical or physiological?”

    Gongaware replied: “Take the doctor with you.”

    ————

    On that same day,

    Ortega wrote an email to Phillips about the singer:

    “There are strong signs of paranoia, anxiety and obsessive-like behavior. I think the very best thing we can do is get a top psychiatrist in to evaluate him ASAP.”

    John Branca, Jackson’s attorney, also chimed in, sending an email marked “confidential” to a handful of people, including Phillips, Gongaware and Leiweke.

    “I have the right therapist/spiritual advisor/substance abuse counselor who could help (recently helped Mike Tyson get sober and paroled) do we know whether there is a substance issue involved (perhaps better discussed on the phone).”

    ———-

    On June 23 ,

    Shawn Trell, senior vice president and general counsel for AEG, asked for an update on the availability of life insurance.

    ———

    “In the week leading up to Jackson’s death, those involved with the tour appeared to be contemplating damage control.”

    On June 25, 2009,

    Michael Jackson died

    ——-

    On July 1, 2009

    AEG submitted an insurance claim

Lawsuit Against Michael Jackson's Estate by Lloyd's of London Settled by

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