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Money, Custody on Line in Jackson Hearing

8/3/2009 5:40 PM PDT BY TMZ STAFF

Michael Jackson Hearing4:54 -- During the lunch break John Branca said Jackson's estate has reached a settlement with AEG -- re: merchandising and rehearsal footage.

4:49
-- Katherine Jackson just withdrew her petition asking that she be put in charge of the estate. This petition was filed before she knew a will existed. The issue now -- will she oppose the appointment of Branca and McClain.

4:40 -- The Jacksons have all filed back into court and the judge has taken the bench.

3:00 -- The judge just admitted Jackson's 2002 will into probate. The will names John Branca and John McClain as co-executors. We know Katherine has a beef with that. The question -- will she challenge the co-executors or possibly ask that she be named as a third executor. Court is in recess for an hour-and-a half. Stay tuned.

2:50
-- The judge has ruled that AEG has to provide a copy of their contract with Michael to Katherine Jackson.

2:32 -- The judge has taken the bench.

2:28 -- Family members have begun to file back into the courtroom. The judge has yet to come back.


Michael jackson Launch photos

1:03 -- The judge has called for a 30-minute break.

12:55 -- The judge decided on the lesser amount because of concerns about duplicate expenses for the monthly allowance approved for Katherine.

12:42 -- The judge has just granted 83.5% of what was requested for the children's allowance. Specific amounts were not discussed.

12:41 -- The lawyers are now discussing the allowance for Jackson's three kids.

12:40 -- Debbie Rowe will have visitation rights with her two kids and will continue getting spousal support based on the agreement she struck with Michael several years ago.

12:39 -- The judge granted Katherine a financial allowance for six months retro from the time Michael died. The amount of the allowance wasn't discussed in open court.

12:37 -- The judge just named Katherine permanent guardian of all three kids.

12:26 -- Debbie Rowe's lawyer, Eric George, just said he won't object to Katherine being appointed temporary guardian, but permanent guardianship could be delayed. It's curious given the supposed settlement between Debbie and Katherine.

12:24 -- The judge just said Klein has no legal standing to lodge an objection ... that Michael Jackson and Debbie Rowe are the parents.

12:18 -- The judge wants to know what legal standing Klein has -- this could force the issue over whether he's the daddy.

12:17 -- Get this. Mark Vincent Kaplan (K-Fed's lawyer) just showed up on behalf of Dr. Arnold Klein. Kaplan says Klein has a long-standing commitment to Michael Jackson and has concerns about Joe Jackson being involved with the children. There are reports Klein is the father, but he hasn't confirmed or denied.

12:14 -- The judge is on the bench. He'll be dealing with the guardianship settlement between Katherine and Debbie Rowe first.

12:00 ET -- Rebbie Jackson, Michael's older sister, has just showed up. We're told, day to day, she'll be the one taking care of Michael's kids.

11:56 AM ET -- Katherine, Randy and La Toya were escorted upstairs to the courtroom. La Toya is wearing a black jacket, slacks, and a white blouse. Katherine is wearing a brown suit, looking calm ... and chewing gum.

11:46 AM ET -- Randy just showed up.

11:45 AM ET -- Katherine and the lawyers are inside the courtroom. Two of Michael's sisters and one brother are also expected. The hearing is expected to begin shortly.
1174 COMMENTS

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106.

DangerBaby    

I am revising my 'estimates' of how much AEG will profit in the aftermath of MJ's death, because I believe the earlier estimates were far too conservative. Here you go:

Life insurance settlement - $25 million
Memorabilia sales - $30 million
TV special about choreography and staging of the tour - $15 million
Sale of rehearsal footage film and cd/dvd rights (split 50/50 with MJ estate...I don't know the exact split) - $37 million
Ticket sales (based on 50% of fans keeping tickets rather than asking for refunds) - $45 million
Other rights?? - $10 million

AEG has reportedly spent $60 million on an advance to MJ and on preparing for the concerts.

You do the math. Profit free and clear of about $100 million? Easy...

Will be interesting to see how the money actually pans out...

1818 days ago
107.

doc murry    

what are they having for lunch? thats what I want to know..did they all fly in by helicoptor or private plane.

1818 days ago
108.

Kiki    

112. Klassy with a K - it may be a passtime for many but chewing gum like cows chewing their cud ain't classy. Money cannot and will never buy class!! Prince Michael was chewing gum at the funeral. Bet Michael would not have allowed that but Grandma probably popped one out of her bag. Poor Kids. Those Jacksons have proved to be what they are - money grabbing leeches off the more successful amongst them. Apart from Janet not one has managed to make their way without going to Michael for a handout. Even Rebbie and her troupe LIVE in the house Michael was paying upkeep for. They are a disgrace I hope that they do not ruin these kids.


Posted at 1:05PM on Aug 3rd 2009 by Kate

He is a kid for Christs sake. I have been to funerals where adults as well as childeren are chewing gum. What does chewing gum have to do with anything. Doesnt mean he didnt love his father any less. "OMG HE WAS CHEWING GUM HE DIDNT LOVE HIS FATHER" If his hair was parted the wrong way you would be nitpicking at that. If he was wearing a purple shirt instead of white you would find fault in that, IT WAS JUST A PIECE OF GUM, NOT WALKING NAKED IN THE CROWD.

1818 days ago
109.

Go Katherine! Go Katherine! Go Katherine! Go Katherine! haha    

HAHAHAHAHA KATHERINE GET THE KIDS...LMFAO @ ALL YOU LOSERS WHO ARE PISSED THAT SHE DID AND WENT AGAINST HER HAVING CUSTODY OF THEM....NOW EAT YOUR WORDS HAHAHAHAHA AND CHOKE ON THEM!

1818 days ago
110.

think    

#38 & 56- Harvey Rocks
turning up the temperature to keep the body warm?? LOLOLOL
Watch any forensic show, you'll find out it makes no difference. It's INTERAL temp they take- from the liver- to determing time of death.
Not that Murray wasn't stupid enough to try to cover SOMETHING up. The chef's story doesn't make it look good for him on the timeline....

1818 days ago
111.

sb    

where is this being held.....the time line is off, its 10:12 in Los Angeles?

1818 days ago
112.

BrancaFan2    

I love this judge! He is seeing through all the greed!

John Branca et. al. will be named permanent executors. KJ better cool it on this regard because this judge is not going to tolerate nonsense. As he is limiting how much money she gets, he will not hesitate to enforce the 'no contest' clause. If that happens, it will be interesting to see if he appoints Rebbie, Janet, or even Diana Ross as guardian because they do not need to use the kid's trust fund to prop up the household.

Respect the will Mrs. Jackson.


1818 days ago
113.

Go Katherine! Go Katherine! Go Katherine! Go Katherine! haha    

#112 KATE

STFU AND GET OVER THE FACT KATHERINE HAS CUSTODY AND SO WHAT ABOUT PRINCE AND BLANKET CHEWING GUM AT MJ'S MEMORIAL AND HOW THE HELL WOULD YOU KNOW WHAT MJ WOULD/WOULDN'T HAVE ALLOWED THEM TO DO...OH SHUT UP!

1818 days ago
114.

what    

Thanks TMZ...... Darn breaks. Thank goodness for Klien. At least some one spoke up about Brutal Joe . Yesterday on Geraldo Katherine the woman who allowed brutal Joe to beat her children called her dead son a LIAR by saying Joe never beat Michael. Well dead Michael I guess your precious Mother never really loved you either. She only used you as a Cash Cow and now that your dead she grinding your bones for every cent. Death takes us all. What you do in between is what makes the difference. Katherine you are lying about what your dead son. experienced by the hands of brutal Joe.

1818 days ago
115.

MJ WAS A JUNKIE    

111. YAY KATHERINE GOT THE KIDS. Debbie doesnt deserve them!!!

Posted at 1:05PM on Aug 3rd 2009 by Kiki
At least she will get to see them

1818 days ago
116.

Camilla    

WHERE IS THE BODY?????????????
MICHAEL, I LOVE YOUUUUUUUUUUUUUUUUUUUUUUUUUU

1818 days ago
117.

Andie    

How do we know the Jackson family aren't the ones who wanted MJ to die so they could get at his money? They have hit the lottery with MJ's death!

1818 days ago
118.

susan    

Gum is going to be the least of the problems for those kids.

1818 days ago
119.

Edumacated    

"12:26 -- Debbie Rowe's lawyer, Eric George, just said he won't object to Katherine being appointed temporary guardian, but permanent guardianship could be delayed. It's curious given the supposed settlement between Debbie and and Katherine.


*****************************

Not curious at all, since, as I posted when you first reported the FAKE "settlement" story, Rowe has no intention of reliquishing the rights to the children whom she NEVER WANTED. She will continue to wield them as human swords over Katherine and the Jackson estate. She will USE them each time she wants more money. They are her flesh and blood, yet like K-OverFed, she has no problem LIVING OFF OF THEM. I can only imagine what visits with this fat, mean, foul-mouthed cretin will be like for those lovely, innocent children. And congrats, Moo Cow Rowe, on making Blanket feel even more isolated as he watches his siblings go off to vist a "parent " at a time when he is now completely alone. Great job, you greedy cow. How much hay can one obese woman eat?

1818 days ago
120.

sippy    

#192, BFM, I tend to agree with you. That doesn't make sense, anyway, because Propofol knocks you out cold flat; so how could you awaken and ask for something else? I think a lot of the rumors, especially the "stumbling wreck" stuff has been "floated." That's all Chernoff can do at this point, as they await wTF the inestigators are going to do. For example, a few weeks ago, I saw these physicians who had their jaws on the floor upon being interviewed about the use of Propofol, and I found it interesting THEY pointed out that MJ was keeping time too well in that videe, to be strung out Supta Gunja was showing it as he did the interview). I BET the main thing the investigators are going for is Murray, with anything else as maybe side issues (writing scripts). I still say the investigators already know what happened, and HAVE to be up to something to make sure they have enough to prove it (like your putting the fear in LaHootchie Sisters comments a few days ago)....by the way, I saw Harveyon one of those high falutin Sunday "press" shows (WOW Harvey-they're bowing down to you now--so TMZ better be on!!); and he said something along the lines the delay was more due to the authorities working to get a murder 2 as opposed to manslaughter charge. I hope Harvey didn't get that theory from these boards, because that is what some have surmised for some time. I see no excuse for a holdup at this point.

1818 days ago
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