Michael Jackson’s Estate just scored big over lawsuit filed by British company Lloyd’s London who claimed it did not have to honor the policy it issued to cover losses from the failed "This Is It" tour. Lloyd's felt it had been deceived because no one ever disclosed Michael had serious drug problems.According to TMZ, “Lloyd's of London has dropped its claim that it doesn't have to honor a huge insurance policy on grounds it was never told Michael Jackson was a drug addict ... and they’ve now agreed to a payout.”
Michael Jackson Family Wins Millions From Llyod’s Of London
M.J is literally still making more money even in death. 17.5 million dollars ain’t small mulla.
And payout means, the MJ Estate allegedly just got a whooping $17.5 million, which was the under the ‘policy’ agreement. But according to gossip site, TMZ, “it’s not the full amount under the policy that was paid.” But claim Lloyd has paid something to settle and the reason a payout is so important is because Lloyd's essentially folded on its fraud claim.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
You should avoid boat rides for these 5 reasons
How to save a life by doing CPR during an emergency
Avoid these 3 common mistakes when cooking fried rice
Okin biscuits and 9 other snacks millennials loved as children
3 reasons most airplanes are painted white
How 1 woman became first lady of 2 different countries — she married 2 presidents
How parents, teachers can recognise when a child is being bullied
It's illegal to publicly celebrate your birthday in this country
Here are Dagrin's 10 best rap verses on the 14th anniversary of his death
ADVERTISEMENT