AEG drops MJ Insurance Claim

Truth_or_Dare

http://www.theskanner.com/article/AEG-Drops-Michael-Jackson-Insurance-Claim-2012-09-10<br />

AEG Drops Michael Jackson Insurance Claim<br />2 Share on myspace<br />A Lloyds of London underwriter sued AEG and Michael Jackson LLC after Jackson's death<br />Alan Duke CNN<br />September 10, 2012<br />LOS ANGELES (CNN) -- AEG dropped its claim Monday for a $17.5 million insurance policy for Michael Jackson, just days after e-mails revealed the concert promoter had doubts about Jackson's health at the time they were applying for the insurance.<br /><br />A Lloyds of London underwriter sued AEG and Michael Jackson LLC after Jackson's death, claiming they failed to disclose information about the pop star's health and drug use.<br /><br />"In exchange for AEG withdrawing its insurance claim, underwriters agreed to dismiss AEG from the case and to waive any costs recoverable from AEG," said Paul Schrieffer, attorney for the insurance underwriter. "The insurance case continues against the Michael Jackson Company LLC for, among other things, rescission of the policy due to nondisclosures of Michael Jackson's prior drug use."<br /><br />Lawyers for AEG and the Michael Jackson estate, which controls Michael Jackson LLC, did not immediately respond to CNN's request for comment Monday.<br /><br />Jackson died of an overdose of a surgical anesthesia in combination with sedatives on June 25, 2009, according the the Los Angeles County coroner. Dr. Conrad Murray was found guilty last year of involuntary manslaughter in Jackson's death.<br /><br />A controversy over the insurance claim erupted last week after the Los Angeles Times published e-mails which the insurance lawyer said had not been provided to him despite a year of discovery in the case.

Love4Michael

on 1347308530:

<br />http://www.theskanner.com/article/AEG-Drops-Michael-Jackson-Insurance-Claim-2012-09-10<br />

AEG Drops Michael Jackson Insurance Claim<br />2 Share on myspace<br />A Lloyds of London underwriter sued AEG and Michael Jackson LLC after Jackson's death<br />Alan Duke CNN<br />September 10, 2012<br />LOS ANGELES (CNN) -- AEG dropped its claim Monday for a $17.5 million insurance policy for Michael Jackson, just days after e-mails revealed the concert promoter had doubts about Jackson's health at the time they were applying for the insurance.<br /><br />A Lloyds of London underwriter sued AEG and Michael Jackson LLC after Jackson's death, claiming they failed to disclose information about the pop star's health and drug use.<br /><br />"In exchange for AEG withdrawing its insurance claim, underwriters agreed to dismiss AEG from the case and to waive any costs recoverable from AEG," said Paul Schrieffer, attorney for the insurance underwriter. "The insurance case continues against the Michael Jackson Company LLC for, among other things, rescission of the policy due to nondisclosures of Michael Jackson's prior drug use."<br /><br />Lawyers for AEG and the Michael Jackson estate, which controls Michael Jackson LLC, did not immediately respond to CNN's request for comment Monday.<br /><br />Jackson died of an overdose of a surgical anesthesia in combination with sedatives on June 25, 2009, according the the Los Angeles County coroner. Dr. Conrad Murray was found guilty last year of involuntary manslaughter in Jackson's death.<br /><br />A controversy over the insurance claim erupted last week after the Los Angeles Times published e-mails which the insurance lawyer said had not been provided to him despite a year of discovery in the case.

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<br /><br /><br />[size=12pt]I just saw this and was coming to post.  I have issues with the statement in red.  Now AEG tries to close the closet door before the rest of the skeletons tumble out...but the case continues against MJLLC with only the Estate footing the bill if unsuccessful??  Simply dumbfounding to me since without AEG there would have been no Residency at the O2 and thus no need for a flippin' Lloyds policy to begin with.  And wasn't the whole point of this policy to protect AEG's ass from any losses??  Maybe my mind is still over stressed and not working properly but this article IMO deserves a gigantic  :WTF:  :WTF:  :WTF: [/size]

hesouttamylife

What bothers me is that there would appear to be a conflict of interest to have the same lawyer who represents MJ Estate to also represent AEG  :WTF:  Or am I interjecting an illusion here?  I need some clarity on that. 

Love4Michael

on 1347316317:

<br />What bothers me is that there would appear to be a conflict of interest to have the same lawyer who represents MJ Estate to also represent AEG  :WTF:  Or am I interjecting an illusion here?  I need some clarity on that. <br />

<br /><br />[size=12pt]LOL...I'm not sure if I know who represents whom at this point but the "AND" in the sentence regarding attorneys having not commented I believe means they reached out to both groups rather than them being the same ones.  Who really knows though because as time has passed and more information has been exposed it seems that duplicity or conflict of interest is a reoccurring theme in this little old web.[/size]