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Friday, January 22, 2010

Katherine Jackson spoiling for an inheritence fight



Michael Jackson arrives with his mother, Katherine Jackson (L),Michael Jackson hasn’t been buried yet, but the inheritance battle is underway. His mother, Katherine, and the lawyers for his estate and concert promoter are having at, according to court documents released Tuesday.

Katherine lost an earlier bid to be temporary administrator of her son’s estate. She’s demanding the timely production a number of financial documents, including contracts Michael entered into with his estate, record label, concert officials, and even his father Joseph.

“The special administrators (of Michael’s estate) have, up to this point, refused all requests,” she claims in papers filed in Los Angeles Superior Court. Her filing alleges the administrators are “apparently intent on keeping her in the dark as much and for as long as possible.”

Attorneys for Michael’s estate and AEG, which was set to promote the comeback concert this summer in London, said that her request is “voluminous, burdensome and invasive.” They also expressed concern that Katherine would violate a confidentiality agreement for Michael’s concert deal.

“Without the safeguards necessary to ensure the continued confidentiality of the artist agreement and any proposed modifications, AEG cannot provide such information to Ms. Jackson or her counsel without risking serious harm to its business,” said a declaration from an AEG lawyer.

At stake is potentially hundreds of millions of dollars from Michael’s estate, including record royalties, money from DVDs, books and his share of the Beatles catalog. The money picked up even more after his death when many of his albums again became best-sellers.

Katherine is the temporary guardian of Michael’s three children and said she wants the documents in time for an Aug. 3 hearing.



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