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 zei 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 meer than an insurance company trying to avoid paying a legitimate claim door 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 zei 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 meer than an insurance company trying to avoid paying a legitimate claim door the insured."
michael jackson ( father)
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 iconen 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 vrienden 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 televisie special where he performed the moonwalk for the first time. Michael gifted this handschoen to Walter Orange,one considered one of the most iconic pieces of Michael Jackson.
