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 door homicide of 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 door homicide of 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 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."
one day, there's a girl name josephine, who just moved to LA with her aunt. after moving in, she goes to an acting school. the same school with michael jackson kids.
and at the first dag at school, it seems like 4ever 4 her.after school, she goes home pagina to her house that only 4 bloks away from neverland.
and at the volgende day, she goes to the same class with paris. then, paris and her group is planning to prank josephine.
she planned that at p.e, when it's dogeball time, they all gonna beat joshephine. then, that all happen with only a spleet, split of minute.
because of that, josephine have to go to th nurse room.
but the volgende day, is the worst dag for paris. paris almost always fail her math. but, as the teacher see that josephine is really really good at math, the math teacher told josephine to tutor paris.
for joshephine, it's really ok. but 4 paris, it was the worst dag and the worst felling ever...
and at the first dag at school, it seems like 4ever 4 her.after school, she goes home pagina to her house that only 4 bloks away from neverland.
and at the volgende day, she goes to the same class with paris. then, paris and her group is planning to prank josephine.
she planned that at p.e, when it's dogeball time, they all gonna beat joshephine. then, that all happen with only a spleet, split of minute.
because of that, josephine have to go to th nurse room.
but the volgende day, is the worst dag for paris. paris almost always fail her math. but, as the teacher see that josephine is really really good at math, the math teacher told josephine to tutor paris.
for joshephine, it's really ok. but 4 paris, it was the worst dag and the worst felling ever...
So we had our school retreat today, & there was a band right? They started playing will u be there, & my vrienden were all nudging me going "it's MJ!" The thing is, I didn't know it was MJ when they first started playing. I had never heard will u be there before, yet all my vrienden knew it. Isn't that kinda sad? My friend Emily was like "Keri, it's MJ get up & sing!" but I was like "I don't know the words." I learned it pretty fast though; they only played the first 2 lines over & over instead of the whole song, so I didn't feel like a total idiot!! So it was kinda embarrassing for me because my vrienden all know me as the big MJ fanatic, yet I didn't recognize the song. But it really made my day!
"Moonwalker" -- a collection of short films made door MJ in 1988 -- was never released theatrically in the United States ... but one L.A. movie theater is finally trying to make it happen ... for one night only.
TMZ has learned Arclight Cinemas in Hollywood is on the hunt for a film print of the 1988 cult classic ... after MJ fans flooded the A.C. Facebook page with the challenging request.
According to reports, "Moonwalker" was never theatrically released in America because of failed negotiations with U.S. movie distributors back in the dag ... however the flick was eventually released in The States on VHS.
FYI -- "Moonwalker" featured a super-iconic 25-minute featurette for "Smooth Criminal" ... which included an awesome cameo door Joe Pesci.
Arclight claims they're actively searching for the print -- we'll let u know if the zoek succeeds.
TMZ has learned Arclight Cinemas in Hollywood is on the hunt for a film print of the 1988 cult classic ... after MJ fans flooded the A.C. Facebook page with the challenging request.
According to reports, "Moonwalker" was never theatrically released in America because of failed negotiations with U.S. movie distributors back in the dag ... however the flick was eventually released in The States on VHS.
FYI -- "Moonwalker" featured a super-iconic 25-minute featurette for "Smooth Criminal" ... which included an awesome cameo door Joe Pesci.
Arclight claims they're actively searching for the print -- we'll let u know if the zoek succeeds.
The good people of Canada never had a chance to view the Michael Jackson documentary, "Gone Too Soon" -- and now the owners of the flick are declaring war on the distributor ... claiming he personally screwed the entire country.
TMZ obtained a lawsuit filed door Objective Films, LLC -- in which they claim they agreed to sell the French and Canadian distribution rights to a company headed door a guy named Pierre Turgeon for $100k back in 2009.
Objective says they got the first $50k -- but Turgeon flaked on the back half ... and then tried to back out of the deal altogether. Objective was able to get the flick distributed in France ... Canada wasn't so lucky.
TMZ obtained a lawsuit filed door Objective Films, LLC -- in which they claim they agreed to sell the French and Canadian distribution rights to a company headed door a guy named Pierre Turgeon for $100k back in 2009.
Objective says they got the first $50k -- but Turgeon flaked on the back half ... and then tried to back out of the deal altogether. Objective was able to get the flick distributed in France ... Canada wasn't so lucky.
