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Michael Jackson

AEG Drops $17.5 Mil

Insurance Claim

9/11/2012 7:25 AM PDT BY TMZ STAFF
breaking news

0911_mj_aeg_01
The concert promoter behind Michael Jackson's ill-fated "This Is It" tour has dropped its claim to collect on a $17.5 million insurance policy for the singer ... after the insurance company claimed AEG hid the extent of MJ's extensive drug and health issues.

AEG announced the move last night ... claiming the company has been contemplating the decision for months and it has nothing to do with the discovery of new emails that show AEG had doubts about MJ's health around the time the company applied for the insurance policy.

FYI -- the insurance company, Lloyds of London, had sued both AEG and Michael Jackson LLC in the wake of MJ's death to cancel out the policy. L.O.L. has claimed AEG and MJ were not forthright about the singer's drug addiction and failing health at the time they applied for the policy.

Now, a rep for Lloyds tells CNN ... "In exchange for AEG withdrawing its insurance claim, underwriters agreed to dismiss AEG from the case and to waive any costs recoverable from AEG."

Lloyds says it's NOT dropping the case against Michael Jackson LLC -- explaining they will press on seeking "rescission of the policy due to nondisclosures of Michael Jackson's prior drug use."

168 COMMENTS

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121.

=)    

“People are often unreasonable and self-centered. Forgive them anyway.
If you are kind, people may accuse you of ulterior motives. Be kind anyway.
If you are honest, people may cheat you. Be honest anyway.
If you find happiness, people may be jealous. Be happy anyway.
The good you do today may be forgotten tomorrow. Do good anyway.
Give the world the best you have and it may never be enough. Give your best anyway.
For you see, in the end, it is between you and God. It was never between you and them anyway.”
― Mother Teresa

697 days ago
122.

Pegasus    

Janet Jackson Did Not Delay Michael's Funeral, The Family Couldn't Agree On Burial PlaceJanet Jackson Did Not Delay Michael's Funeral, The Family Couldn't Agree On Burial Place 9 6

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Posted on Oct 09, 2012 @ 04:00PM print it send it
AP Images/WENNBy Jen Heger - Radar Assistant Managing Editor

Janet Jackson was accused of delaying her brother Michael's funeral three years ago because she wanted a hefty deposit of $40k returned, but RadarOnline.com has exclusively learned that the actual reason the King of Pop's burial took place several months after he died was because the family couldn't agree on where he should be laid to rest.

"Janet absolutely didn't delay Michael's funeral, that just never happened," a family insider tells RadarOnline.com exclusively. "The main reason for the delay was because the family just couldn't agree on where Michael should be buried. Jermaine and Randy wanted him buried at Neverland but Katherine was absolutely steadfast against that.

PHOTOS: Michael Jackson Through The Years

"Throw in the fact that Michael's kids had their own ideas and were grieving and there was obviously a lot going on. Janet was just trying to do the right thing at the time and she was very supportive of Michael's kids and her mother during that very dark time. For anyone else to say otherwise is just categorically false. Yes, tensions have developed since then between Janet and her mom over the handling of Michael's estate, but that doesn't change what happened in the weeks after Michael died."

As previously reported, according to Vanity Fair, which obtained an excerpt of a new biography on Jackson by Randall Sullivan: "Janet put up the $40,000 deposit at Forest Lawn to secure a spot for Michael but refused to let the funeral take place until the money was repaid."

PHOTOS: Michael Jackson’s Kids: Three Years After His Death

Janet's attorney, Blair Brown fired off a letter to Vanity Fair's editor, Graydon Carter, demanding a retraction of the story. In the letter, which is posted on the singer's website, her lawyer says: "The article states that according to Untouchable, Ms. Jackson put down a $40,000 deposit to secure a burial plot for Michael Jackson but refused to let the funeral take place until that money was repaid. This is untrue. Ms. Jackson never delayed the funeral in any way. In fact, she paid for the funeral and was reimbursed for some of those expenses by Michael Jackson's estate in the year after the services took place.

PHOTOS: Stage Shots of Michael Jackson Performing

"In addition, there were other private costs associated with Michael Jackson's passing that Ms. Jackson incurred and for which she has never sought reimbursement. To falsely accuse Ms. Jackson of holding up her brother's funeral over money is outrageous. This story is particularly hurtful and distressing because of Ms. Jackson's strong desire to serve her brother, whom she loved dearly, and her wish to stand with and support her family...I demand that Vanity Fair retract its statement that Ms. Jackson 'refused' to let Michael Jackson's funeral take place until the money she put down as a deposit on his burial plot was repaid...The article is replete with additional false and defamatory statements regarding Ms. Jackson. All statements regarding Ms. Jackson should be retracted and all other media website notified of the retractions."

PHOTOS: Katherine Jackson Holds Memorial For King Of Pop In His Hometown

"It's just absolutely sad that there are those in the world who are still trying to exploit Michael Jackson by writing false books about his life and death," the source says. "The Jackson family has been through enough and Michael's kids should be remembered before these ridiculous and false stories are released. No, this family isn't perfect, and they have a lot of issues, make no mistake about that… It just doesn't help to rehash and rewrite history for sensational headlines and to make money."

694 days ago
123.

phia    

SUNFLOWER
Έτσι-phia,
Δεν το σώμα θέλει να πάει Ελληνικά εκτός και αν σας αρέσει να πάρει βιδώνονται στον κώλο με ένα τεράστιο κόκορα όπως έκανε MJ.
LOL LOL LOL!

Γιατί το κοτόπουλο διασχίζουν το δρόμο
Επειδή MJ τρέχει μετά από ένα μικρό αγόρι με ένα τεράστιο κόκορα!

LOL LOL LOL

Don `t πέφτουν όταν ένας Έλληνας είναι σε ένα δωμάτιο. Καλύτερα ακόμα don `t πέφτουν όταν ακούω ανθρώπους να μιλούν ελληνικά.

Ποιος είναι ο ηλίθιος τώρα, που παντρεύτηκε έναν Έλληνα ο οποίος δεν έχει την αγαπούσε, αλλά η μητέρα του περισσότερο!


ΣΤΑΜΑΤΑ ΝΑ ΓΡΑΦΕΙΣ ΜΑΛΑΚΙΕΣ !!!!!!!


OH AND AGAIN LEARN THE GREEK LANGUAGE PROPERLY BECAUSE WHAT YOU WRITE MAKES ABSOLUTELY NO SENSE AT ALL!!!!

690 days ago
124.

Warrior4MJ    

You guys should think twice about all the stuff spread in the internet about Michael Jackson & his family. Most ppl forget how loving & caring Michael was, what his true message was. And mostly what he all gave to us! We should be thankful - and not abandon him. Always think about him as a true humanitarian with a pure heart! Not weird, not wacko!
Since his passing this crap became worse. Leave his family alone; stop judging in a false way. It’s painful & it’s disgusting. For reading the truth about the trial check following links. Then make your conclusions. Thank you! L.O.V.E. <3

No.1 http://teammichaeljackson.com/archives/8230#.UYEkW1ESAqE.twitter
No.2 http://teammichaeljackson.com/archives/8197#.UYEhXcf6BiE.twitter

487 days ago
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