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Dr. Arnold Klein, Michael Jackson's dermatologist and close friend, is being sued for a million dollars, RadarOnline.com has learned.
[COLOR=blue !important][COLOR=blue !important][COLOR=blue !important][COLOR=blue !important]Bank [COLOR=blue !important]of [COLOR=blue !important]America[/COLOR][/COLOR][/COLOR][/COLOR][/COLOR][/COLOR] 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.
PHOTOS: Inside Michael Jackson's House
The lawsuit stems from a [COLOR=blue !important][COLOR=blue !important]line [COLOR=blue !important]of [/COLOR][COLOR=blue !important]credit[/COLOR][/COLOR][/COLOR] the high-profile Dr. Klein took out in July 2008.
PHOTOS: Michael Jackson And Other Troubled Child Stars
According to the filing, "by terms of first agreement, Plaintiff provided Defendant with a revolving line of credit for $500,000."
PHOTOS: Dr. Conrad Murray Arrives At Court
Trouble arose in September 2009, when Klein missed a $100,000 [COLOR=blue !important][COLOR=blue !important]payment[/COLOR][/COLOR] that was due.
EXCLUSIVE: Michael Jackson Visited Doctor A Week Before He Died
"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.
Comment is being sought from Dr. Klein.
The next court hearing is slated for September, 2010.
[COLOR=blue !important][COLOR=blue !important][COLOR=blue !important][COLOR=blue !important]Bank [COLOR=blue !important]of [COLOR=blue !important]America[/COLOR][/COLOR][/COLOR][/COLOR][/COLOR][/COLOR] 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.
PHOTOS: Inside Michael Jackson's House
The lawsuit stems from a [COLOR=blue !important][COLOR=blue !important]line [COLOR=blue !important]of [/COLOR][COLOR=blue !important]credit[/COLOR][/COLOR][/COLOR] the high-profile Dr. Klein took out in July 2008.
PHOTOS: Michael Jackson And Other Troubled Child Stars
According to the filing, "by terms of first agreement, Plaintiff provided Defendant with a revolving line of credit for $500,000."
PHOTOS: Dr. Conrad Murray Arrives At Court
Trouble arose in September 2009, when Klein missed a $100,000 [COLOR=blue !important][COLOR=blue !important]payment[/COLOR][/COLOR] that was due.
EXCLUSIVE: Michael Jackson Visited Doctor A Week Before He Died
"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.
Comment is being sought from Dr. Klein.
The next court hearing is slated for September, 2010.