Mickey Rooney's Stepson SETTLES Elder Abuse Suit for MILLIONS

Mickey Rooney's stepson now concedes he owes the famed actor $2.8 million for allegedly siphoning off a ton of money from Mickey's financial accounts, but there's a GIGANTIC catch.

Christopher Aber and his wife, Christina, have just settled with Mickey's conservators, after allegations they played funny with Mickey's money. There were also allegations the couple deprived Mickey of food, meds, and even blocked him from leaving his home.

The whole thing escalated when the 93-year-old actor testified before Congress on elder abuse.

So now Christopher and Christina -- who have declared bankruptcy -- have folded. So how, you ask, can Mickey get $2.8 mil? Well under the settlement, Christopher and Christina have a homeowner's insurance policy that arguably covers this type of wrongdoing. So Mickey's lawyers think they can use the settlement to go after the insurance company and get their dough.

Here's the rub. The insurance company has already made it clear ... it's not paying anything because the alleged abuses were intentional, and that's not covered under the policy.