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Lloyd's of London: MJ Lied, So We Won't Pay

6/6/2011 3:19 PM PDT BY TMZ STAFF

Lloyd's of London 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.

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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 said 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 more than an insurance company trying to avoid paying a legitimate claim by the insured."



222 COMMENTS

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1.

duh    

Team Lloyds all the way here.. completely fraudulent.

1213 days ago
2.

Mel Zipskin    

Whoops!

1213 days ago
3.

Sonya in Tx    

Lloyd's is right. MJ was a fraud. Including the parentage of his children. In no way did he father those anglo children.

1213 days ago
4.

Surfer Gal    

How do they explain the live-in doctor? Did AEG lie to Lloyd's?

1213 days ago
5.

Bob    

of course THESE HATERS are going to be on team lloyd bunch of morons. i going with hmm theres is no case ,the judge will just throw away the stupid lawsuit because they are no different form everyone trying to get $$ of michael. plus wow really after 2 years they are going to sue, what a bunch of dumb asses .

1213 days ago
6.

M    

MJ lied ...PERIOD No cash for Joe..

1213 days ago
7.

Surfer Gal    

Sonya in TX, I believe they are Miko Brando's children. They look like Brandos to me!

1213 days ago
8.

ocgirl    

Duh... of course they lied. He would not have been insurable if not.

They will win.

1213 days ago
9.

wtf    

did TMZ ever find out who MJ bought those white kids from?

1213 days ago
10.

Rogue Warrior    

Holybejeebsus, how does a child molester with a major drug habit expect to be paid by his insurance company. Oh yeah, I should say how does entitled, money leaching, fraud of a family expect to get paid when their son was all those things and themare????????

1213 days ago
11.

Sunshine    

MJ was a fraud?
NOOOOO not Wacko Jacko.

1213 days ago
12.

chris     

Good, MJ was a lying freak who was 2 accused of molesting children. Lloyd absolutely should not have to pay.

There's no way possible that MJ is the "father" of "his kids", if you look back at pictures of him when he was black and look at his kids - NO TRACE of mixing races there.

1213 days ago
13.

northern gypsy    

here we go...i can only say...when i re-new (or get new) insurance...
there's always a few questions regarding my health (ie drug useage)...
in the fine print...it states making a false statement...my contract is void...
what was M.J. (and his lawyers) thinking???

1213 days ago
14.

Chris    

Will they have to return the premiums that he paid for the policy?

1213 days ago
15.

Jano    

Any other American would have needed a blood test before getting a policy like this..lol, they shouldn't have taken MJ's word for it. So..I say, they're in the right, but...got screwed because they did not ask MJ to prove he was not on drugs.

1213 days ago
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