The executors of Michael Jackson's estate have dodged a $4.58 million (3.05 million pound sterling) creditor's claim from the lending company behind the refinancing of the Neverland Ranch - because company bosses missed the deadline for submissions. Executives at lending firm Genesis Group International claimed they had helped Jackson secure a $45 million (30 million pound sterling) loan to prevent the California property going into foreclosure in 2007.
The late singer was alleged to have agreed to pay Genesis 10 per cent of the loan amount plus fees - but Jackson is said to have fallen behind on payments amounting to $4.58 million. Genesis bosses demanded repayment from the Jackson estate earlier this year but the executors failed to act on the notice and the lenders were expected to join the long list of creditors vying for a slice of the superstar's fortune.
But the bosses at Genesis had not filed a creditor's claim by the January deadline,...
The late singer was alleged to have agreed to pay Genesis 10 per cent of the loan amount plus fees - but Jackson is said to have fallen behind on payments amounting to $4.58 million. Genesis bosses demanded repayment from the Jackson estate earlier this year but the executors failed to act on the notice and the lenders were expected to join the long list of creditors vying for a slice of the superstar's fortune.
But the bosses at Genesis had not filed a creditor's claim by the January deadline,...
- 6/24/2010
- by AceShowbiz.com
- Aceshowbiz
Michael Jackson's estate has been hit by yet another creditor's claim - from an investment banking firm that handled the late pop legend's finances. According to the latest creditor's claim, filed in Los Angeles Superior Court, Jackson's estate owes over $328,299 in unpaid fees to Signal Hill Capital, a small investment banking firm based in Baltimore, Maryland.
Attorneys for the company claim the amount is owed for "financial services related to music publishing assets". According to TMZ.com, creditors' claims against the "Thriller" hitmaker's estate have exceeded $20 million.
Other creditors include Jackson's spiritual advisor Revd. June Juliet Gatlin, his former skin doctor Arnold Klein, choreographer Lavelle Smith Jr. and the pop superstar's one-time manager and adviser Dr. Tohme Tohme. Jackson's sister, Janet Jackson, and brothers Jackie Jackson, Tito Jackson, Jermaine Jackson, Marlon Jackson and Randy Jackson also reportedly have an ongoing royalties claim and have been listed as potential creditors.
Attorneys for the company claim the amount is owed for "financial services related to music publishing assets". According to TMZ.com, creditors' claims against the "Thriller" hitmaker's estate have exceeded $20 million.
Other creditors include Jackson's spiritual advisor Revd. June Juliet Gatlin, his former skin doctor Arnold Klein, choreographer Lavelle Smith Jr. and the pop superstar's one-time manager and adviser Dr. Tohme Tohme. Jackson's sister, Janet Jackson, and brothers Jackie Jackson, Tito Jackson, Jermaine Jackson, Marlon Jackson and Randy Jackson also reportedly have an ongoing royalties claim and have been listed as potential creditors.
- 1/6/2010
- by AceShowbiz.com
- Aceshowbiz
Michael Jackson was a legend – one of the world’s most successful singers and an amazing dancer too. Tonight, to celebrate the greatest performer in the history of pop, who died earlier this year, BBC Three begins the search for the UK’s best dance act – someone who can move as well as Michael in his prime. Hosted by Reggie Yates, this unique contest has dancers battling it out to win an amazing opportunity – to perform with the world’s superstars at the Michael Jackson official tribute concert in 2010.
Dance Experts travel from the streets of Glasgow to the playing fields of Cardiff and from the bus stops of Manchester to the shopping malls of London to find the UK’s best dancers.
Solo performers, duos and crews all attempt to dance their way to a place in the studio shows, but first they have to impress legendary choreographer Lavelle Smith Junior,...
Dance Experts travel from the streets of Glasgow to the playing fields of Cardiff and from the bus stops of Manchester to the shopping malls of London to find the UK’s best dancers.
Solo performers, duos and crews all attempt to dance their way to a place in the studio shows, but first they have to impress legendary choreographer Lavelle Smith Junior,...
- 12/14/2009
- by Lisa McGarry
- Unreality
Michael Jackson's O2 'This Is It' gigs would have been "wonderful", dancer Lavelle Smith Junior has claimed. Smith, who produced Jackson's 'Bad' and 'Dangerous' tours, revealed that he had worked with Jackson on new dance moves for the UK residency. "I want to believe that they would have been wonderful," the choreographer told Digital Spy. "Actually, I started working with him on those shows in 2008. I visited him in Vegas for about six months. We didn't know at that stage what it was going to be called or anything like that, but we just discussed new ideas, new moves and new thoughts." He (more)...
- 12/14/2009
- by By Alex Fletcher
- Digital Spy
Michael Jackson's O2 'This Is It' gigs would have been "wonderful", dancer Lavelle Smith Junior has claimed. Smith, who produced Jackson's 'Bad' and 'Dangerous' tours, revealed that he had worked with Jackson on new dance moves for the UK residency. "I want to believe that they would have been wonderful," the choreographer told Digital Spy. "Actually, I started working with him on those shows in 2008. I visited him in Vegas for about six months. We didn't know at that stage what it was going to be called or anything like that, but we just discussed new ideas, new moves and new thoughts." He (more)...
- 12/14/2009
- by By Alex Fletcher
- Digital Spy
An ex-choreographer who allegedly worked for Michael Jackson is the latest person to file a creditor's claim against Jackson's estate. Lavelle Smith Jr. filed a suit today claiming he worked for Jackson for several different stretches in 2008 and 2009. Smith says Jackson only paid him part of what he was supposed to get and he is owed $144,500. Take a number. More Michael Jackson Another Day, Another Mj Creditor's Claim Attorney Wants $3 Mil, Apology From Mj Estate...
- 10/26/2009
- TMZ
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