LOS ANGELES (AP) — The insurer of Michael Jackson's canceled comeback concerts has asked a judge to nullify a policy intended to protect concert promoters if the singer wasn't able to complete the shows.
Lloyd's of London sued AEG Live and Jackson's company on Monday, claiming the concert promoter has failed to provide necessary medical information and details about the physician charged with the singer's death.
Lloyd's issued a non-appearance and concert cancellation policy in April 2009 — roughly two months before the pop superstar died. It was issued under an alias, "Mark Jones" and was supposed to cover up to $17.5 million in liability, according to the lawsuit.
The promoter should have informed Lloyd's what it knew about the singer's medical history, "including but not limited to, his apparent prescription drug use and/or drug addiction," the suit states.
Within days of the singer's death, an attorney for AEG submitted a claim with Jackson's death certificate, the suit claims.
The insurer states a medical exam of Jackson required by the policy was never conducted, and that they should not have to pay out for the canceled shows scheduled for London's O2 arena.
An email message seeking comment from AEG spokesman Michael Roth was not immediately returned.
Lloyd's lawsuit claims it has been seeking certain information from AEG about Jackson and his personal physician, Dr. Conrad Murray, since December 2009.
Murray is scheduled to go on trial later this year for involuntary manslaughter in connection with Jackson's death. Authorities claim he administered a lethal dose of the anesthetic propofol to Jackson in the bedroom of his rented mansion, although Murray has pleaded not guilty and his attorneys have said he did not give the singer anything that should have killed him.
The cost of canceling the London shows was one of the major debts facing Jackson's estate after his death.
Read more: http://www.seattlepi.com/entertainm...y-for-Jackson-shows-1412156.php#ixzz1OXe3Nlgo
Lloyd's of London 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 more than an insurance company trying to avoid paying a legitimate claim by the insured."
http://www.tmz.com/2011/06/06/michael-jackson-estate-sued-for-lloyds-of-london-concerts-lawsuit/
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Lloyd's of London is suing the Michael Jackson Company and AEG over an insurance policy that was taken out for Michael Jackson's performances in London, which never happened due to the superstar’s sudden death.
LLoyd's accuses AEG, the concert promoter, of withholding witness statements, and "other information necessary to determine AEG's entitlement to coverage under the policy," according to the lawsuit.
The insurance policy that was taken out on behalf of the former King of Pop for $17.5 million dollars, which Lloyd's doesn't think it should have to pay because it was never revealed to them that Jackson was taking prescription drugs and Propofol.
Lloyd's contends it shouldn't have to pay the insurance policy because: "AEG and/or Jackson, knew but did not disclose that Jackson was taking prescription drugs and/or drugs prior to and at the time of his death, including Propofol," the court docs state.
The insurance company asserts that they have the right to rescind the policy because of Jackson's alleged drug use.
Lloyds wants the judge to issue an order declaring the insurance policy canceled and that AEG and the Michael
http://www.radaronline.com/exclusiv...ancelled-concerts-lloyds-london-aeg-documents
Lloyd's of London sued AEG Live and Jackson's company on Monday, claiming the concert promoter has failed to provide necessary medical information and details about the physician charged with the singer's death.
Lloyd's issued a non-appearance and concert cancellation policy in April 2009 — roughly two months before the pop superstar died. It was issued under an alias, "Mark Jones" and was supposed to cover up to $17.5 million in liability, according to the lawsuit.
The promoter should have informed Lloyd's what it knew about the singer's medical history, "including but not limited to, his apparent prescription drug use and/or drug addiction," the suit states.
Within days of the singer's death, an attorney for AEG submitted a claim with Jackson's death certificate, the suit claims.
The insurer states a medical exam of Jackson required by the policy was never conducted, and that they should not have to pay out for the canceled shows scheduled for London's O2 arena.
An email message seeking comment from AEG spokesman Michael Roth was not immediately returned.
Lloyd's lawsuit claims it has been seeking certain information from AEG about Jackson and his personal physician, Dr. Conrad Murray, since December 2009.
Murray is scheduled to go on trial later this year for involuntary manslaughter in connection with Jackson's death. Authorities claim he administered a lethal dose of the anesthetic propofol to Jackson in the bedroom of his rented mansion, although Murray has pleaded not guilty and his attorneys have said he did not give the singer anything that should have killed him.
The cost of canceling the London shows was one of the major debts facing Jackson's estate after his death.
Read more: http://www.seattlepi.com/entertainm...y-for-Jackson-shows-1412156.php#ixzz1OXe3Nlgo
Lloyd's of London 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 more than an insurance company trying to avoid paying a legitimate claim by the insured."
http://www.tmz.com/2011/06/06/michael-jackson-estate-sued-for-lloyds-of-london-concerts-lawsuit/
-------------------------
Lloyd's of London is suing the Michael Jackson Company and AEG over an insurance policy that was taken out for Michael Jackson's performances in London, which never happened due to the superstar’s sudden death.
LLoyd's accuses AEG, the concert promoter, of withholding witness statements, and "other information necessary to determine AEG's entitlement to coverage under the policy," according to the lawsuit.
The insurance policy that was taken out on behalf of the former King of Pop for $17.5 million dollars, which Lloyd's doesn't think it should have to pay because it was never revealed to them that Jackson was taking prescription drugs and Propofol.
Lloyd's contends it shouldn't have to pay the insurance policy because: "AEG and/or Jackson, knew but did not disclose that Jackson was taking prescription drugs and/or drugs prior to and at the time of his death, including Propofol," the court docs state.
The insurance company asserts that they have the right to rescind the policy because of Jackson's alleged drug use.
Lloyds wants the judge to issue an order declaring the insurance policy canceled and that AEG and the Michael
http://www.radaronline.com/exclusiv...ancelled-concerts-lloyds-london-aeg-documents
