Lawsuit Aims To Stop Katherine, Joe & Jermaine Jackson From Inheriting Millions From Michael's Estate

Posted on Aug 05, 2009 @ 03:25PM

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In what will very likely be the first of many legal actions involving The Estate of Michael Jackson, Segye Times Inc. filed a lawsuit in Los Angeles Probate Court to put a lien on money that may be going to Katherine, Joe and Jermaine Jackson.

In legal papers obtained by RadarOnline.com, the South Korean newspaper company is trying to collect on a debt that goes back 20 years.

Segye Times fronted the three Jacksons $5.5 million for a series of Jackson family concerts in 1989. They didn't happen and the company won a breach of contract judgment against the Jacksons in a CA court in 1994. Segye was never able to collect so they went back to court and renewed the judgment in 2003.-- the Jacksons didn't even bother to appear in court to defend themselves that time.

Interestingly, the attorney representing the Katherine and Joe through this was the very same Brian Oxman who presented himself as the Jackson family attorney/spokesman in the hours after Michael's death.

Segye Times is now saying it is owed $7,865,730.78 plus interest that amounts to about another $4.5 million and is growing daily. They want the court to order that when Michael's estate starts paying out inheritances, they get their money before the "judgment debtors" see a dime.

Camera Press/Retna

Comments

I agree with jayell.

by Sandy Texas
Posted Thu, 08/06/2009 - 12:36am

if it were not for Kathryn and Joe Jackson, there would be NO MJ. his Mother is entitled to her 40 percent. she is an old lady and Michael wanted it this way!! it seems so MANY GREEDY attorneys are causing her great suffering..

by cindy25
Posted Wed, 08/05/2009 - 10:06pm

You are right jayell......Katherine Jackson complains about living on social security but Jermaine said his mom can handle the kids cuz they will have nannies and his mom has a "driver and a full staff of people"--sound like living on SS to me!!

by cthetruth
Posted Wed, 08/05/2009 - 7:33pm

Joe and Jermaine may have to find "real" jobs and Katherine will have to learn to live on her Social Security check like the rest of America!!! I really hope the court upholds the judgement and garnishes Katherine's inheritance!!!

by jayell
Posted Wed, 08/05/2009 - 7:14pm