Michael Jackson / Conrad Murray in the news > Lawsuit settled involving payment of Michael Jackson's concert cancellation insurance policy


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16 Jan 2014

http://www.therepublic.com/view/story/9b4180dcf9dd4aa0949d6e6b4253275d/US--Jackson-Estate

Lawsuit settled involving payment of Michael Jackson's concert cancellation insurance policy

PHOTO: FILE - In this March 5, 2009 file photo, US singer Michael Jackson speaks at a press conference at the London O2 Arena.  Attorneys for Jackson's estate and Certain Underwriters at Lloyd's of London told a Los  Angeles judge on Wednesday Jan. 15, 2014, that they had resolved a lawsuit over payment of a $17.5 million cancellation and non-appearance insurance policy. The  policy was meant to cover any losses related to Jackson's ill-fated "This Is It" comeback shows scheduled for 2009 in London. (AP Photo/Joel Ryan, File)
FILE - In this March 5, 2009 file photo, US singer Michael Jackson speaks at a press conference at the London O2 Arena. Attorneys for Jackson's estate and Certain Underwriters at Lloyd's of London told a Los Angeles judge on Wednesday Jan. 15, 2014, that they had resolved a lawsuit over payment of a $17.5 million cancellation and non-appearance insurance policy. The policy was meant to cover any losses related to Jackson's ill-fated "This Is It" comeback shows scheduled for 2009 in London. (AP Photo/Joel Ryan, File)
 

LOS ANGELES — A lawsuit over the payout of a $17.5 million policy related to Michael Jackson's planned comeback concerts has been settled, attorneys told a judge on Wednesday.

Lawyers for Certain Underwriters at Lloyd's of London and for Jackson's estate announced the settlement before a hearing that would have altered what evidence could be presented at trial.

Lawyers for the insurer and the estate did not know how the judge was planning to rule before announcing they had resolved the case.

Lloyd's sued Jackson's estate in 2011 seeking to nullify a 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 and the promoter of the "This Is It" shows did not disclose everything it knew about the singer's health when it took out the policy.

Howard Weitzman, an attorney for Jackson's estate, and Paul K. Shrieffer, who represented Lloyd's, said both sides were pleased the case was resolved. Weitzman said.terms were confidential.

The case, if it had gone to trial, would have put the focus once again on Jackson's health in the weeks and months before he died. A trial had been scheduled for Feb. 24.

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

Also on Wednesday, an appellate court unanimously upheld the involuntary manslaughter conviction of Conrad Murray, who gave Jackson a lethal dose of the anesthetic propofol.

In another case, a judge on Monday refused to order a retrial in a lawsuit filed by Jackson's mother against AEG Live that contended it negligently hired the doctor convicted of killing her son.

The settlement of Jackson's estate also is pending, with claims by the singer's former manager yet to be decided.


Anthony McCartney can be reached at http://twitter.com/mccartneyAP


 



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