Michael Jackson Estate, Katherine Jackson Clash in Court Over $600 Million Catalog Deal Rolling Stone
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News Source : Rolling Stone
News Summary
- Lawyers for Katherine Jackson argue that co-executors should be held “in contempt” for closing the deal while she’s still appealing a ruling on the matter
- The eye-watering sale was negotiated by the executors to take advantage of an asset market that was “by far” the “hottest it had ever been,” a recent appellate brief filed by the estate says
- “I didn’t preclude them from entering into the transaction,’ the judge said
The notsosecret $600 million sale of Michael Jacksons music assets to industry giant Sony was the subject of a heated hearing in a Los Angeles courtroom Friday, with lawyers for Katherine Jackson [+4424 chars]