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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.

1102_michael_jaCKSON_GETTY_EX

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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46.

HumanNature    

TMZ

YOU CAN A LEAST FIND OUT WHO IS FUNDING CON "QUACK" THE MURDERER LEGAL DEFENSE!!!

1234 days ago
47.

MiMi    



DO***ENTS: Michael Jackson Company Sued Over Cancelled Concerts

-

"Lloyd's of London is suing the Michael Jackson Company and AEG over an insurance policy that was taken out for Michael Jackson's performances in London, which never happened due to the superstar’s sudden death.

LLoyd's accuses AEG, the concert promoter, of withholding witness statements, and "other information necessary to determine AEG's entitlement to coverage under the policy," according to the lawsuit.

DO***ENTS: Michael Jackson Estate Sued Over Cancelled Concerts

The insurance policy that was taken out on behalf of the former King of Pop for $17.5 million dollars, which Lloyd's doesn't think it should have to pay because it was never revealed to them that Jackson was taking prescription drugs and Propofol.

Lloyd's contends it shouldn't have to pay the insurance policy because: "AEG and/or Jackson, knew but did not disclose that Jackson was taking prescription drugs and/or drugs prior to and at the time of his death, including Propofol," the court docs state.

PHOTOS: Prince And Paris Jackson Out And About

The insurance company asserts that they have the right to rescind the policy because of Jackson's alleged drug use.

Lloyds wants the judge to issue an order declaring the insurance policy canceled and that AEG and the Michael Jackson Company are only entitled to a refund of the premium of the policy."

http://www.radaronline.com/exclusives/2011/06/michael-jac...

1234 days ago
48.

HumanNature    

CORRECTION

TMZ

YOU CAN AT LEAST FIND OUT WHO IS FUNDING CON "QUACK" THE MURDERER LEGAL DEFENSE!!!

GOT TO BE A PAPER TRAIL OUT THERE!!!!

1234 days ago
50.

asaviour    

Once again I believe he had the character of Jesus, the patience of Job and the endurance of Muhammad. The Nation of Islam under Minister Louis Farrakahn will always love and protect Michael as well as his children for the sacifices they have made to humanity and will always have his and their backs ! Michael was one of the biggest supporters of the Million Man March ! He united all world religions not only through song but through his works on natural disasters and asking us all to look at the "Man In The Mirror". May Allah continue to bless him, his family and children who will continue on a journey to serve humanity and unite the human family. I'm sure the haters will find something evil to say about the man. His mother is like the mother of Moses who had to put her baby in a boat, watch from a distance and cool her eyes by the love of Jehovah for the protection of all. Michael is and always been a soldier, he taught his children well...

P.S. - The Grail always knows........

1234 days ago
51.

Rogue Warrior    

Trust me, if a person is willing to lie about raping innocent boys, that person WILL lie on a insurance application!!!!!!


FACT!

1234 days ago
53.

asaviour    

Please look at the 4 part interview Minister Farrakahn did with Raffles Van Exel on YouTube, you will get his full view on Michael, his life and works from another point of view. Michael was not a liar for the sake of money ! Watch the youtube video for yourself

http://www.youtube.com/watch?v=09VHCNBE_7Q

As the Most Hon. Elijah Muhammad would say "Take it or leave it Alone"

Michael had struggles like all of us but he overcame them and used them to teach others, its not about race, its about deeds..
Once again the "Grail" knows, so those who have not sinned throw the first stone. Oops everyone left. Score one for team Jesus !

PS-Maybe the insurance company have some "Knights" on the board...

1234 days ago
54.

Amy    

Those are very legitimate reasons not to honor the policy.

1234 days ago
55.

Puckett    

He lied plain and simple. You don't get to lie to your insurer and collect on the policy anyway. It doesn't work that way. And yes i'm looking at you stupid MJ fans who don't get it.

1234 days ago
56.

asaviour    

Last comment for the evening.. Maybe Lloyds no something we don't.

I believe the ArchAngel Michael is doing some battles on another "level" those who fail to study history are destined to repeat it. Once again Micheal, his family and children are under divine protection, so lets wait and see what happens in the future. In the meantime all of us should be concerned about the rain, hail, snow and earthquakes that will be coming to all of our doors in the near future and help to prepare or families, communities and country to help each other. Peace & Blessings,

"The Grail"

1234 days ago
57.

makeitstop    

MJ was uninsurable, AEG will be found liable.

1234 days ago
58.

Scott    

So lets see the drugs found in Mj's system were given to him by who? Oh yeah a licensed physcian.......! It's all he said she said in regards to his drug use except for the admitted "fact" that Murray gave him the drugs that killed him. Had Lloyds been smart enough to obtain a blood sample or two prior to his death it "may" be a different matter.

Might I suggest you go after Dr. Death Lloyds? Oh wait he don't have no money dats why you are taking this route. Hit em with a libel suit Branca!!!!!

Peace.

1234 days ago
60.

nan    

i dont know much about insurance ,but mj wasnt giving himself drugs,he was being treated by a doctor...a licensed medical professional....one,,who was in contact with the insurer when mj was probably already dead ..telling them everything was great..thats why murray is the hot potato ..aeg doesnt want to be responsible for his reckless actions..hence the expensive lawyers following him around..

1234 days ago
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