The Michael Jackson estate is tired of waiting for Lloyd's of Londres to pay out on the $17.5 million "This Is it" insurance policy -- so they're going after Lloyd's in court ... demanding they pay up, stat.
Lloyd's of Londres originally issued the policy to cover potential losses for MJ's 2009 "This Is It" concerts -- but earlier this year, the company asked an L.A. court to declare the policy null and void ... claiming MJ lied about his medical history and drug addiction.
Lloyd's insists the policy "was restricted to losses resulting from accident only" -- pointing out Michael's official cause of death was "homicide."
But the estate is now on the offensive -- filing a cross-complaint, claiming MJ never intended to die, whether por homicide or not, so his death still qualifies as an accident.
But the estate isn't just settling for the original $17.5 million -- they also want punitive damages. FYI, suing for punitive damages often scares the crap out of insurance companies.
Lloyd's of Londres originally issued the policy to cover potential losses for MJ's 2009 "This Is It" concerts -- but earlier this year, the company asked an L.A. court to declare the policy null and void ... claiming MJ lied about his medical history and drug addiction.
Lloyd's insists the policy "was restricted to losses resulting from accident only" -- pointing out Michael's official cause of death was "homicide."
But the estate is now on the offensive -- filing a cross-complaint, claiming MJ never intended to die, whether por homicide or not, so his death still qualifies as an accident.
But the estate isn't just settling for the original $17.5 million -- they also want punitive damages. FYI, suing for punitive damages often scares the crap out of insurance companies.
Lloyd's of Londres has gone to court ... asking a judge to let the company off the financial hook, claiming it doesn't owe the Michael Jackson Estate $17.5 million on grounds MJ was a fraud.
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ said he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing mais than an insurance company trying to avoid paying a legitimate claim por the insured."
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ said he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing mais than an insurance company trying to avoid paying a legitimate claim por the insured."
one day, there's a girl name josephine, who just moved to LA with her aunt. after moving in, she goes to an atuação school. the same school with michael jackson kids.
and at the first dia at school, it seems like 4ever 4 her.after school, she goes início to her house that only 4 bloks away from neverland.
and at the seguinte day, she goes to the same class with paris. then, paris and her group is planning to prank josephine.
she planned that at p.e, when it's dogeball time, they all gonna beat joshephine. then, that all happen with only a dividido, dividir of minute.
because of that, josephine have to go to th nurse room.
but the seguinte day, is the worst dia for paris. paris almost always fail her math. but, as the teacher see that josephine is really really good at math, the math teacher told josephine to tutor paris.
for joshephine, it's really ok. but 4 paris, it was the worst dia and the worst felling ever...
and at the first dia at school, it seems like 4ever 4 her.after school, she goes início to her house that only 4 bloks away from neverland.
and at the seguinte day, she goes to the same class with paris. then, paris and her group is planning to prank josephine.
she planned that at p.e, when it's dogeball time, they all gonna beat joshephine. then, that all happen with only a dividido, dividir of minute.
because of that, josephine have to go to th nurse room.
but the seguinte day, is the worst dia for paris. paris almost always fail her math. but, as the teacher see that josephine is really really good at math, the math teacher told josephine to tutor paris.
for joshephine, it's really ok. but 4 paris, it was the worst dia and the worst felling ever...
