Former Jackson manager seeks financial records
tekamjforever
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Former Jackson manager seeks financial records
By ANTHONY McCARTNEY (AP) – 9 minutes ago
LOS ANGELES — Michael Jackson's final business manager asked a judge Tuesday to unseal detailed financial records from the singer's estate, arguing that the sealing of the documents could prevent him and other creditors from being paid.
Business manager Tohme Tohme filed a claim saying he is entitled to at least $2.3 million from the estate. The filing also claimed he is entitled to a sizable percentage of revenue from the film "This Is It."
The movie featured clips from Jackson's rehearsals for a series of comeback concerts.
Tohme claims he negotiated the contract for the concerts and is entitled to 15 percent of the revenue from the movie, DVD sales and album.
Tohme's attorneys argued in the filing that he and other creditors should have access to unredacted copies of a report filed last week by estate administrators regarding Jackson's post-death finances.
The motion seeks access to revenue, expense and profit information that is not publicly available.
Jackson estate attorney Howard Weitzman had not seen the motion and said he could not immediately comment.
The estate's filing included a summary of the business deals reached since Jackson's death on June 25, 2009, at age 50. Columbia Pictures paid $60 million for the rights to "This Is It" in a three-way deal between the studio, Jackson's estate and concert promoter AEG Live.
Many of the deals required approval by a Los Angeles judge, who has already sealed some of aspects of the agreement. The estate had argued certain details would harm future negotiations.
Tohme's motion argues that if the detailed financial figures are not publicly released, they should be provided to creditors who have filed claims against Jackson's estate. Some claims have been paid, although others by former Jackson associates have gone unpaid.
Some of the claims are currently the subject of lawsuits.
A hearing on sealing the records and Tohme's motion is scheduled for Oct. 7.
Copyright © 2010 The Associated Press. All rights reserved.
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By ANTHONY McCARTNEY (AP) – 9 minutes ago
LOS ANGELES — Michael Jackson's final business manager asked a judge Tuesday to unseal detailed financial records from the singer's estate, arguing that the sealing of the documents could prevent him and other creditors from being paid.
Business manager Tohme Tohme filed a claim saying he is entitled to at least $2.3 million from the estate. The filing also claimed he is entitled to a sizable percentage of revenue from the film "This Is It."
The movie featured clips from Jackson's rehearsals for a series of comeback concerts.
Tohme claims he negotiated the contract for the concerts and is entitled to 15 percent of the revenue from the movie, DVD sales and album.
Tohme's attorneys argued in the filing that he and other creditors should have access to unredacted copies of a report filed last week by estate administrators regarding Jackson's post-death finances.
The motion seeks access to revenue, expense and profit information that is not publicly available.
Jackson estate attorney Howard Weitzman had not seen the motion and said he could not immediately comment.
The estate's filing included a summary of the business deals reached since Jackson's death on June 25, 2009, at age 50. Columbia Pictures paid $60 million for the rights to "This Is It" in a three-way deal between the studio, Jackson's estate and concert promoter AEG Live.
Many of the deals required approval by a Los Angeles judge, who has already sealed some of aspects of the agreement. The estate had argued certain details would harm future negotiations.
Tohme's motion argues that if the detailed financial figures are not publicly released, they should be provided to creditors who have filed claims against Jackson's estate. Some claims have been paid, although others by former Jackson associates have gone unpaid.
Some of the claims are currently the subject of lawsuits.
A hearing on sealing the records and Tohme's motion is scheduled for Oct. 7.
Copyright © 2010 The Associated Press. All rights reserved.
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Comments
So well said tekamjforever. I don't know why Thome Thome thinks he's entitled to see MJ's finances. Why, so he can sue for more? This is crazy. The man is getting far more than he's entitled to anyway...2.3 million? Unbelievable. Everyone is wanting to make a quick dollar off of Michael and it's horrible.
And he will be discussed again Oct 7...
How many of the entourage have a bill in their drawer, yet?
[youtube:7axol2qc]
http://www.youtube.com/watch?v=NrjbwVhQOAw
LOL - how true, how true.
Dr. Tohme Tohme Wants Money Money from MJ
Originally posted Nov 13th 2009 10:39 AM PST by TMZ Staff
Michael Jackson's former manager just filed a huge creditor's claim against the estate ... and it's mostly over the sale of Neverland Ranch in 2008.
In the documents, filed yesterday in L.A. County Superior Court, Dr. Tohme says he was promised a certain fee from Michael if he could locate a company to save Neverland Ranch from foreclosure last year.
Dr. Tohme claims he's the one who brought Colony Capital LLC to the table -- the company T says forked over $23 million to save Neverland. Dr. Tohme wants his cut of the deal -- which he claims is approximately $2.3 million.
In July of 2008, Dr. Tohme also says Michael promised him 15% of the singer's "gross compensation within the entertainment industry" -- but T has no clue how much he's owed for this one.
The doc wants in excess of $2.3 million.
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<!-- s:shock: -->:shock:<!-- s:shock: --> Yes, I hope that Jermaine will do something, at least in this case, which seeks to protect the property of Michael and his children. <!-- s:roll: -->:roll:<!-- s:roll: -->
Wow, TT appeared. Unbelievable <!-- s:shock: -->:shock:<!-- s:shock: --> It is horrible that everyone is trying to profit from all of MJ's hard work. It is terrible. God bless you both for your excellent points.
He was fired by Michael and hired by Phillips for AEG ...
hey, but maybe it's finally the moment for TT to answer those long awaiting questions ...
And Branca & Co should sue back and ask for TT to make public his own finances and all benefits aroused while he was administering MJs money, so the world can see how did he screw up Michael over the years ...
Cause I think the estate would be in to recover some nice $$$ if so ....