A South Korean newspaper is seeking nearly $7.9 million from Michael Jackson`s estate for an unpaid judgment entered against his parents and brother, court records show.
|Last Updated: Aug 06, 2009, 02:46 PM IST|Source: Bureau
Los Angeles: A South Korean newspaper is seeking nearly $7.9 million from Michael Jackson`s estate for an unpaid judgment entered against his parents and brother, court records show.The Segye Times filed court records on Monday in Los Angeles Superior Court seeking priority for payment of a $4 million judgment entered against Katherine and Joe Jackson and their son Jermaine in 1994 for canceled concert dates. The judgment has nearly doubled as interest has accrued.
The paper sued the Jacksons in 1990 in Contra Costa, claiming the family members were paid $5.5 million for a series of concerts. The concerts never happened and the paper sued, including Michael Jackson as a defendant, documents state.
The pop superstar settled the claims against him in an out-of-court deal in 1992. It was unclear whether his estate is liable for the remaining judgment.
The records filed in Los Angeles show a judge held a trial in February 1992. None of the remaining Jacksons listed in the lawsuit showed up for the trial, and a judgment against Katherine, Joe and Jermaine Jackson was entered.
The Jackson family later asked for a new trial, but the bid was rejected.
Katherine Jackson is the only person listed in the filing who is a beneficiary of her son`s estate. The 79-year-old and her son`s three children are the only individuals slated to receive any of Jackson`s estate, which is being placed into a private trust.
"I have no knowledge or comment on this matter," Katherine Jackson`s attorney, L. Londell McMillan, wrote in an e-mail.
The judgment is one of several listed in a 1999 bankruptcy petition filed by Katherine and Joe Jackson in Los Angeles. At the time, the couple listed $24 million in debts that included court judgments, auto loans and credit cards.
Bureau Report
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
Cookies Setting
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device and the processing of information obtained via those cookies (including about your preferences, device and online activity) by us and our commercial partners to enhance site navigation, personalise ads, analyze site usage, and assist in our marketing efforts. More information can be found in our Cookies and Privacy Policy. You can amend your cookie settings to reject non-essential cookies by clicking Cookie Settings below.
Manage Consent Preferences
Strictly Necessary Cookies
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work or you may not be able to login.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They are also used to limit the number of times you see an advert as well as help measure the effectiveness of an advertising campaign. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we may not know when you have visited our site, and may not be able to monitor its performance.