TMZ Live Katherine Jackson No Grandkids, No MONEY

7/26/2012 11:00 AM PDT

TMZ Live: Katherine Jackson ... No Guardianship, No MONEY

TMZ Live

Katherine Jackson is finally back in LA, but is she too late? Now that she's been stripped of guardianship ... she stands to lose a ton of money. We know how she's planning to reconnect with her grandkids. Also, the story behind her bizarre "Nightline" appearance.

Plus, "Big Brother" villain Willie Hantz gets busted for DUI ... just days after he got kicked off the show for being too violent.

Also, the Kristen Stewart cheating scandal hits someone -- besides Robert Pattinson -- really, really, really HARD."Twilight" fans (and haters) ... this one's for you.
(0:00) The Jackson family drama somehow gets weirder every day -- you gotta see the super strange "interview" Katherine Jackson did ... that Gary says looks like a kidnapping/ransom video.
(10:30) Prince Jackson finally breaks his silence -- tweeting a picture of the text message he sent to his family demanding he speak to Katherine Jackson.
(15:00) Robert Pattinson has already moved out of the house he shared with Kristen Stewart! One obsessed "Twilight" fan posted a rant video about it ... and it's amazing.
(18:00) Don't stop us if you've heard this one before -- Lindsay Lohan got into another fender bender.
(21:20) A "Big Brother" contestant got popped for DUI ... just days after getting booted from the show. And for some reason ... his brother seems to be proud of him.
(23:55) One of the guys from The Wanted is pissed ... because his ex-girlfriend says he was amazing in bed. We know ... it doesn't make much sense.
(27:25) Breaking news -- two incredibly creepy voicemails that Jerry Sandusky left one of his victim were released.
(30:00) There's a least one person who thinks Penn State got off easy in the Jerry Sandusky scandal ... Regis Philbin!?!
(32:00) Speaking of getting off easy -- Russell Brand got a slap on the wrist for destroying a paparazzo's iPhone.
(34:00) Fred Willard's wife ... standing by her man..
(37:00) Suri Cruise is slumming it ... trading her helicopter rides for a ... dare we say it ... cab ride!!! The nerve.
(40:00) We take your calls!