The Michael Jackson estate is tired of waiting for Lloyd's of London to pay out on the $17.5 million "This Is it" insurance policy -- so they're going after Lloyd's in court ... demanding they pay up, stat.
Lloyd's of London originally issued the policy to cover potential losses for MJ's 2009 "This Is It" concerts -- but earlier this year, the company asked an L.A. court to declare the policy null and void ... claiming MJ lied about his medical history and drug addiction.
Lloyd's insists the policy "was restricted to losses resulting from accident only" -- pointing out Michael's official cause of death was "homicide."
But the estate is now on the offensive -- filing a cross-complaint, claiming MJ never intended to die, whether Von homicide oder not, so his death still qualifies as an accident.
But the estate isn't just settling for the original $17.5 million -- they also want punitive damages. FYI, suing for punitive damages often scares the crap out of insurance companies.
Lloyd's of London originally issued the policy to cover potential losses for MJ's 2009 "This Is It" concerts -- but earlier this year, the company asked an L.A. court to declare the policy null and void ... claiming MJ lied about his medical history and drug addiction.
Lloyd's insists the policy "was restricted to losses resulting from accident only" -- pointing out Michael's official cause of death was "homicide."
But the estate is now on the offensive -- filing a cross-complaint, claiming MJ never intended to die, whether Von homicide oder not, so his death still qualifies as an accident.
But the estate isn't just settling for the original $17.5 million -- they also want punitive damages. FYI, suing for punitive damages often scares the crap out of insurance companies.
With the two-year anniversary of Michael Jackson's death approaching -- one helicopter company is giving Fans the chance to pay their respects ... Von raining Blumen down around Neverland ... mid-flight.
The 30-minute Channel Island Helicopter flights are set to take off June 24th and 25th -- exactly two years since Jackson died after a Propofol-induced cardiac arrest.
During the flight, passengers are encouraged to honor the late entertainer Von chucking his Favorit blume -- a red rose -- out of the helicopter mid-flight ... over nearby Zaca Peak.
A rep for the helicopter company tell us -- Fans are super excited for the aerial tour ... saying they feel it will bring them "closer to heaven" ... and closer to Michael.
The 30-minute Channel Island Helicopter flights are set to take off June 24th and 25th -- exactly two years since Jackson died after a Propofol-induced cardiac arrest.
During the flight, passengers are encouraged to honor the late entertainer Von chucking his Favorit blume -- a red rose -- out of the helicopter mid-flight ... over nearby Zaca Peak.
A rep for the helicopter company tell us -- Fans are super excited for the aerial tour ... saying they feel it will bring them "closer to heaven" ... and closer to Michael.
Lloyd's of London has gone to court ... asking a judge to let the company off the financial hook, claiming it doesn't owe the Michael Jackson Estate $17.5 million on grounds MJ was a fraud.
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ sagte he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing Mehr than an insurance company trying to avoid paying a legitimate claim Von the insured."
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ sagte he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing Mehr than an insurance company trying to avoid paying a legitimate claim Von the insured."
published: Date: 16 October 2009
By: Staff Reporter
NEWBRIDGE
Sliverware are presenting Michael Jackson-The Tribute ''A Once In a Lifetime Exhibition at the Museum of Style Icons from October 24-November 2009.
On June 25,2009,the world came to a sudden standstill in reactionn to the news of the untimely death of the greatest entertainer of all time-Michael Jackson.
Thus free tribute exhibit will showcase the most iconic property from the career of the King of Pop and includes unique memorabilia gifted from Michael to his Friends and family. These pieces have never before been on public display.
The highlight in the exhibit is Michael Jackson's iconic white glove,from his 1983 performance of Billie Jean at the Motown 25 Fernsehen special where he performed the moonwalk for the first time. Michael gifted this handschuh to Walter Orange,one considered one of the most iconic pieces of Michael Jackson.
YES!!! I Liebe THRILLER but come on thriller thriller thriller lets have a dif fav era for once hehe. ok so i do Liebe the thriller era yes probably ALLOT but my fav's are invincible and history why cause he had a more....mellinium and upbeat like a sorta futureristic pop Musik sound that just hung on me like all his albums not 1 mj song i hate. I like invincible cause it has beats that just make Du want to Bewegen not to menchon the beautiful and awesome slow songs on there i think mj put all his work into this album im sure. HIStory sorta explains how i feel and makes happy when im sad cause i know im not the only one whos lonely and gets made fun of cause of my looks oder what. I Liebe ALL MJ ERAS xD