Michael Jackson has settled a lawsuit brought by Prescient Acquisition, of Hackensack, that claimed that Jackson owed them $48M.
The lawsuit was settled yesterday, just as jury selection was to begin in U.S. District Court in Manhattan. The terms of the settlement have not been released.
Steven Altman, a lawyer for Prescient owner Darien Dash, said that Dash was owed the money for helping Jackson refinance a $272M bank loan and secure $573M in financing to buy Sony's half of the Beatles' song catalog that Sony co-owned with Jackson.
Altman is quoted as saying:
"We're very pleased with the settlement, although the terms of it we've agreed to keep confidential at Mr. Jackson's request."
Jackson had claimed that he had never heard of Dash.
Jackson's lawyer, L. Londell McMillan, said that the settlement:
"presents a win-win for everybody."
Showing posts with label Darien Dash. Show all posts
Showing posts with label Darien Dash. Show all posts
Tuesday, June 19, 2007
Monday, June 18, 2007
Jackson Claims He Was Robbed
Michael Jackson claims that he was saved from financial ruin by the Rev. Jesse Jackson and billionaire Ron Burkle, during his child molestation trial in California.
The revelations come in a sworn deposition made by Jackson for a federal lawsuit set for trial this week.
Jackson believes that disloyal advisers stole from him while he was busy fighting criminal charges, thus causing his finances to teeter on the edge of the abyss.
Jackson claims that whilst his trial was going on, he was pressured to sign off on a multimillion-dollar financing deal with Don Stabler, one of his brother Randy's associates.
He said the Rev. Jackson and Burkle coached him on how to get through the issue with Stabler, adding that Burkle kept calling and telling him to not sign anything.
Jackson provided this information during discussions with lawyers for the Hackensack finance company, which is suing him in federal court in Manhattan.
Businessman Darien Dash claims Jackson owes his company, Prescient Acquisition, $48M for helping arrange financing to buy out Sony's half of the Beatles' song catalogue.
Jackson claims that he has never heard of Dash, and doesn't remember signing an agreement.
Either there is an agreement, in which case Dash will produce it in court, or there isn't.
The revelations come in a sworn deposition made by Jackson for a federal lawsuit set for trial this week.
Jackson believes that disloyal advisers stole from him while he was busy fighting criminal charges, thus causing his finances to teeter on the edge of the abyss.
Jackson claims that whilst his trial was going on, he was pressured to sign off on a multimillion-dollar financing deal with Don Stabler, one of his brother Randy's associates.
He said the Rev. Jackson and Burkle coached him on how to get through the issue with Stabler, adding that Burkle kept calling and telling him to not sign anything.
Jackson provided this information during discussions with lawyers for the Hackensack finance company, which is suing him in federal court in Manhattan.
Businessman Darien Dash claims Jackson owes his company, Prescient Acquisition, $48M for helping arrange financing to buy out Sony's half of the Beatles' song catalogue.
Jackson claims that he has never heard of Dash, and doesn't remember signing an agreement.
Either there is an agreement, in which case Dash will produce it in court, or there isn't.
Friday, April 27, 2007
Another Trial
Michael Jackson faces another trial, set for June, this time concerning money that he allegedly owes Darien Dash.
Dash claims that Jackson owes his company, Prescient Acquisition Group of Hackensack, $48M for refinancing a $272M bank loan and arranging $537M so that Jackson could buy out Sony's half interest in The Beatles' catalogue of songs in 2004 (during the child molestation trial).
Dash's attorney, Steven Altman, is quoted as saying:
"Many business people were unwilling to risk public association with a man who was then widely viewed as the world's most notorious paedophile."
Jackson's lawyer says:
"Michael is not going to be hijacked by the threat of fraudulent claims."
The trial is set to start on June 18th.
Dash claims that Jackson owes his company, Prescient Acquisition Group of Hackensack, $48M for refinancing a $272M bank loan and arranging $537M so that Jackson could buy out Sony's half interest in The Beatles' catalogue of songs in 2004 (during the child molestation trial).
Dash's attorney, Steven Altman, is quoted as saying:
"Many business people were unwilling to risk public association with a man who was then widely viewed as the world's most notorious paedophile."
Jackson's lawyer says:
"Michael is not going to be hijacked by the threat of fraudulent claims."
The trial is set to start on June 18th.
Wednesday, October 18, 2006
Jackson Sues...Again!
Seemingly, instead of writing music, Michael Jackson's new occupation is that of "professional litigant".
Jackson has now decided to sue his former lawyers for conspiring to force him into bankruptcy.
Jackson has accused Los Angeles law firm Ayscough and Marar of conspiring with other lawyers, who represented him in the past, to force him into involuntary bankruptcy.
Jackson also cited claims that his former lawyer, Brent Ayscough, threatened to leak confidential information about him to the press, broke rules of professional conduct and committed acts of negligence and malpractice.
Earlier this year, Ayscough sued Jackson for $216K he claimed that he was owed in unpaid fees.
Jackson is also busy with a $48M lawsuit brought by Darien Dash, the cousin of Damon Dash. Dash claims he has Jackson's signature on a document promising to pay him a 9% fee for arranging financing for a $275M loan in 2004, which is held by Fortress Investments.
Clearly Jackson will have some trouble finding the time to write any more music in the coming months.
Jackson has now decided to sue his former lawyers for conspiring to force him into bankruptcy.
Jackson has accused Los Angeles law firm Ayscough and Marar of conspiring with other lawyers, who represented him in the past, to force him into involuntary bankruptcy.
Jackson also cited claims that his former lawyer, Brent Ayscough, threatened to leak confidential information about him to the press, broke rules of professional conduct and committed acts of negligence and malpractice.
Earlier this year, Ayscough sued Jackson for $216K he claimed that he was owed in unpaid fees.
Jackson is also busy with a $48M lawsuit brought by Darien Dash, the cousin of Damon Dash. Dash claims he has Jackson's signature on a document promising to pay him a 9% fee for arranging financing for a $275M loan in 2004, which is held by Fortress Investments.
Clearly Jackson will have some trouble finding the time to write any more music in the coming months.
Tuesday, September 27, 2005
The Trials Continue
Michael Jackson, despite ending one trial in California, has several other "legal" issues to attend to.
Jackson flew to London on Friday to take a deposition by the attorney representing his former business partner, Marc Schaffel.
Schaffel is suing Jackson for $4M, for an unpaid loan.
However, because Jackson does not want to return to the USA he requested that the deposition be served at London's Dorchester Hotel.
Jackson paid for Schaffel, King, Mesereau, Jackson's Houston attorney Michael Sydow and their entourages to fly London via business class and for their hotel bills.
Nice trip!
Allegedly, Jackson claimed innocence, by denying knowledge of the items that Schaffel bought for him.
Other legal matters that Jackson must attend to include:
-$48M lawsuit brought by Darien Dash
-Custody/visitation fight with the mother of his two eldest children
-A civil action brought by a New Orleans man, who claims to have a repressed memory of Jackson molesting him when he was underage
Jackson flew to London on Friday to take a deposition by the attorney representing his former business partner, Marc Schaffel.
Schaffel is suing Jackson for $4M, for an unpaid loan.
However, because Jackson does not want to return to the USA he requested that the deposition be served at London's Dorchester Hotel.
Jackson paid for Schaffel, King, Mesereau, Jackson's Houston attorney Michael Sydow and their entourages to fly London via business class and for their hotel bills.
Nice trip!
Allegedly, Jackson claimed innocence, by denying knowledge of the items that Schaffel bought for him.
Other legal matters that Jackson must attend to include:
-$48M lawsuit brought by Darien Dash
-Custody/visitation fight with the mother of his two eldest children
-A civil action brought by a New Orleans man, who claims to have a repressed memory of Jackson molesting him when he was underage
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