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Thursday 23 November 2017

Jackson insurance lawsuit settled

The lawsuit over the payout of Michael Jackson's concert cancellation policy has been settled
The lawsuit over the payout of Michael Jackson's concert cancellation policy has been settled

The lawsuit over the payout of Michael Jackson's concert cancellation policy has been resolved.

Lawyers for Certain Underwriters at Lloyd's of London and Jackson's estate announced the settlement in Los Angeles.

Lloyd's had been seeking to nullify a 17.5 million dollar (£10.7 million) non-appearance and concert cancellation policy that it issued roughly two months before Jackson's death in June 2009. The insurer contended that an examination of Jackson that was required for the policy was not completed.

Howard Weitzman, an attourney for Jackson's estate and Paul K Shrieffer, who represented Lloyd's, did not offer any details about the resolution in court.

A trial had been scheduled for February 24.

The insurer had initially sued Jackson's concert promoter, AEG Live LLC, but the company was later dismissed.

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