Arnie Klein Being sued for 1 mill- serves him right
hesouttamylife
Posts: 5,393
http://www.radaronline.com/exclusives/2010/05/exclusive-bank-sues-michael-jacksons-doctor-arnie-klein-1-million
EXCLUSIVE: Bank Sues Michael Jackson's Doctor Arnie Klein For $1 Million
Posted on May 18, 2010 @ 05:08PM print it send it
AFF-USA.com
Dr. Arnold Klein, Michael Jackson's dermatologist and close friend, is being sued for a million dollars, RadarOnline.com has learned.
Bank of America is taking the King of Pop’s long-time doctor to court, claiming breach of written agreement, unjust enrichment and indebtedness, among other allegations, in documents obtained by RadarOnline.com.
The lawsuit stems from a line of credit the high-profile Dr. Klein took out in July 2008.
According to the filing, "by terms of first agreement, Plaintiff provided Defendant with a revolving line of credit for $500,000."
Trouble arose in September 2009, when Klein missed a $100,000 payment that was due.
"Defendant defaulted under the terms of the first agreement by failing to make the payment due on September 1, 2009,” the filing alleges.
“Plaintiff demanded performance thereof but Defendant wholly failed, refused and neglected to perform as alleged herein.”
Klein went on to miss other large payments, alleges the lawsuit, which was filed in Pasadena on April 29.
It states: "To date, defendant has failed and refused and continues to to fail and refuse to pay the principal sum of $456,234. 85, or any part thereof although demand therefore has been made and said sum is due and payable from Defendant, together with interest thereon at the default rate of 10.79% per annum from August 10, 2009.”
Bank of America is seeking $937,381.20 in damages, attorneys fees -- and is seeking a jury trial.
PHOTOS: Stars Arrive At The LA Premiere Of "This Is It"
Comment is being sought from Dr. Klein.
The next court hearing is slated for September, 2010.
EXCLUSIVE: Bank Sues Michael Jackson's Doctor Arnie Klein For $1 Million
Posted on May 18, 2010 @ 05:08PM print it send it
AFF-USA.com
Dr. Arnold Klein, Michael Jackson's dermatologist and close friend, is being sued for a million dollars, RadarOnline.com has learned.
Bank of America is taking the King of Pop’s long-time doctor to court, claiming breach of written agreement, unjust enrichment and indebtedness, among other allegations, in documents obtained by RadarOnline.com.
The lawsuit stems from a line of credit the high-profile Dr. Klein took out in July 2008.
According to the filing, "by terms of first agreement, Plaintiff provided Defendant with a revolving line of credit for $500,000."
Trouble arose in September 2009, when Klein missed a $100,000 payment that was due.
"Defendant defaulted under the terms of the first agreement by failing to make the payment due on September 1, 2009,” the filing alleges.
“Plaintiff demanded performance thereof but Defendant wholly failed, refused and neglected to perform as alleged herein.”
Klein went on to miss other large payments, alleges the lawsuit, which was filed in Pasadena on April 29.
It states: "To date, defendant has failed and refused and continues to to fail and refuse to pay the principal sum of $456,234. 85, or any part thereof although demand therefore has been made and said sum is due and payable from Defendant, together with interest thereon at the default rate of 10.79% per annum from August 10, 2009.”
Bank of America is seeking $937,381.20 in damages, attorneys fees -- and is seeking a jury trial.
PHOTOS: Stars Arrive At The LA Premiere Of "This Is It"
Comment is being sought from Dr. Klein.
The next court hearing is slated for September, 2010.
Comments
Let's see what other dirty secrets he has to hide???????
At least they didn't crucify Michael this time........
As always, with L.O.V.E xoxoxo
Exactly...all this dude wants is money and his 15 minutes of fame...I can't stand people like him...people who would do anything for money...even sell his soul to the devil <!-- s:evil: -->:evil:<!-- s:evil: -->
true...he got what he deserved...I guess his search for money and fame backfired <!-- s;) -->;)<!-- s;) -->
He was trying to sell that car on ebay too, if i remember..
Explains why he was hawking the gay story for money...
He was trying to sell that car on ebay too, if i remember..
and therefore the claim of the horrible green jacket, he wanted to sell the now going to need a lot of money. <!-- s
That page with the money I make talking trash, you can also borrow from Jason <!-- s
that was the first thing that came to my mind too - AK needs $ so why not betray one of his so-called BEST friends by selling a story to a tabloid. OR better yet, let's sell a car that his so-called BEST friend rode around in... So my next question is for AK - CAN YOU FEEL IT - in English, can you feel the pressures of tabloid trash...NOT such a great feeling, huh AK????