Pop singer died from acute propofol intoxication in 2009
  • jimmydoreisalefty@lemmy.world
    51·
    11 days ago

    I wonder if it was: engineered debt, financial advisors failures, his people siphoning money as he got sicker, MJ’s finacial failures, on purpose on MJs part, or something else…

    However, in the years since his death, the executors have extensively turned his estate’s financial system around, claiming that they “have resolved virtually all of the creditors’ claims and litigations and have successfully solidified the MJJ business as a significant entity in the music industry.”

    Part of this money comes from the estate’s purchase of a stake in EMI Publishing and the rights to Motown classics and Carole King and Norah Jones songs in 2012 for $50,000, followed by their sales to Sony for $300m in 2018.

    Last year, a California court of appeals revived a lawsuit from two men who allege Jackson sexually abused them for years when they were boys.

    The pair have been granted a trial jury against Jackson’s estate and corporations, MJJ Productions Inc and MJJ Ventures Inc. An attorney for the estate has denied the allegations, saying they were “disappointed.” “Two distinguished trial judges repeatedly dismissed these cases on numerous occasions over the last decade because the law required it,” Jonathan Steinsapir said in an email to The Associated Press.

    “We remain fully confident that Michael is innocent of these allegations, which are contrary to all credible evidence and independent corroboration, and which were only first made years after Michael’s death by men motivated solely by money.”