Michael Jackson has allegedly received a second forclosure notice on his parents' home in Encino California this year.
The Hayvenhurst estate is estimated to be worth around $7M, but has a $2M mortgage.
The last time this happened, Janet Jackson stepped into the breach and bailed her brother out.
It seems that the threat has elicited a cheque being sent by Jackson.
Friday, August 11, 2006
Thursday, August 10, 2006
Jackson Accused of Fraud
Yet another day, and yet another legal case for Michael Jackson and his ever changing team of lawyers to worry about.
This one relates to a case filed by Jackson against a concert promoter, Marcel Avram, to prevent arbitration over a disputed 1999 concert contract.
This dates back to a case in 2002, when Jackson testified in a $21M lawsuit brought by Avram. Avram accused Jackson of backing out of two concerts on New Year's Eve 1999.
There eventually was a settlement, in which Jackson paid $6.5M. Jackson contends that this was a full and final settlement.
However, Avram is seeking arbitration over the amount. Avram's lawyer, Louis R. Miller, said that Avram was entitled to $9.2M that was spent promoting a benefit concert in South Korea.
Miller also claims that Jackson committed fraud, by not disclosing to Avram that Sony Music Entertainment owned the rights to footage of the concert.
Jackson's lawyer, Thomas C. Mundell, told Superior Court Judge Soussan G. Bruguera on Tuesday:
"Nobody pays $6.5M and doesn't get a full release from future claims."
The judge must now rule.
This one relates to a case filed by Jackson against a concert promoter, Marcel Avram, to prevent arbitration over a disputed 1999 concert contract.
This dates back to a case in 2002, when Jackson testified in a $21M lawsuit brought by Avram. Avram accused Jackson of backing out of two concerts on New Year's Eve 1999.
There eventually was a settlement, in which Jackson paid $6.5M. Jackson contends that this was a full and final settlement.
However, Avram is seeking arbitration over the amount. Avram's lawyer, Louis R. Miller, said that Avram was entitled to $9.2M that was spent promoting a benefit concert in South Korea.
Miller also claims that Jackson committed fraud, by not disclosing to Avram that Sony Music Entertainment owned the rights to footage of the concert.
Jackson's lawyer, Thomas C. Mundell, told Superior Court Judge Soussan G. Bruguera on Tuesday:
"Nobody pays $6.5M and doesn't get a full release from future claims."
The judge must now rule.
Wednesday, August 09, 2006
Infamy, Infamy, They've All Got It In For Me
Those that the gods wish to destroy, they first make mad.
Michael Jackson has hit the news yet again, this time he claims that his former staff are trying to make him bankrupt; much like making a fool of oneself, that is something which is usually self inflicted.
Jackson's spokeswoman, Raymone Bain, claims that an alleged plot was uncovered through leaked documents. These allege that some of Jackson's former advisors had attempted to persuade other associates into a petition which would leave Jackson broke.
Bain is quoted as saying:
"In what could be one of the biggest conspiracies in entertainment history, documents have been sent to Michael Jackson and his representatives which reveal a deliberate plan by some former advisors and associates to force Mr Jackson into involuntary bankruptcy."
Seemingly Jackson's new legal team, the others resigned because he allegedly had not paid them, are investigating the scheme and plan to file several lawsuits against the alleged conspirators.
Bain also said:
"In addition, there is a strong possibility that these documents will be forwarded to the US Attorney General for review and possible involvement.
Michael Jackson was neither shocked nor surprised. He's always been suspicious that some of those whom he entrusted to act on his behalf may not have acted in his best interests."
Jackson should take the advice of Mr Micawber:
"Annual income 20 shillings, annual expenditure twenty shillings and sixpence; the result, misery".
In other words, learn to live within your means!
Michael Jackson has hit the news yet again, this time he claims that his former staff are trying to make him bankrupt; much like making a fool of oneself, that is something which is usually self inflicted.
Jackson's spokeswoman, Raymone Bain, claims that an alleged plot was uncovered through leaked documents. These allege that some of Jackson's former advisors had attempted to persuade other associates into a petition which would leave Jackson broke.
Bain is quoted as saying:
"In what could be one of the biggest conspiracies in entertainment history, documents have been sent to Michael Jackson and his representatives which reveal a deliberate plan by some former advisors and associates to force Mr Jackson into involuntary bankruptcy."
Seemingly Jackson's new legal team, the others resigned because he allegedly had not paid them, are investigating the scheme and plan to file several lawsuits against the alleged conspirators.
Bain also said:
"In addition, there is a strong possibility that these documents will be forwarded to the US Attorney General for review and possible involvement.
Michael Jackson was neither shocked nor surprised. He's always been suspicious that some of those whom he entrusted to act on his behalf may not have acted in his best interests."
Jackson should take the advice of Mr Micawber:
"Annual income 20 shillings, annual expenditure twenty shillings and sixpence; the result, misery".
In other words, learn to live within your means!
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