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Michael Jackson
The Michael Jackson estate is tired of waiting for Lloyd's of Luân Đôn 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 Luân Đôn 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 bởi homicide hoặc 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 Luân Đôn 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 bởi homicide hoặc 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.
Today is the two-year anniversary of Michael Jackson's death -- and the saga has played out like a soap opera about betrayal, jealousy, love, greed and redemption.
When TMZ broke the news, it triggered a flood of stories about Jackson's struggles with drugs, the doctors who enabled him, the mystery surrounding his death, a little known drug called propofol, a family war against Michael's estate, a full court press to erase Michael's debt, and a posthumous marketing campaign to rival Elvis.
Take a look at TMZ's timeline from the moment we found something was terribly wrong with Michael.
When TMZ broke the news, it triggered a flood of stories about Jackson's struggles with drugs, the doctors who enabled him, the mystery surrounding his death, a little known drug called propofol, a family war against Michael's estate, a full court press to erase Michael's debt, and a posthumous marketing campaign to rival Elvis.
Take a look at TMZ's timeline from the moment we found something was terribly wrong with Michael.
