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Michael Jackson's Family Ongoing BATTLE EXPLAINED in 2 Minutes

15 years after the death of pop icon Michael Jackson, his estate remains a contentious issue for his surviving family members. And Jackson’s mother, Katherine Jackson, is at the center of it all.
Things came to a head over the reported $600 million sale of half of Jackson’s music assets to Sony. According to Billboard, his music assets are valued at over $1.2 billion.

The current drama mostly centers around the sale of Jackson’s music assets and who’s responsible for the mountain of legal fees that piled up during Katherine’s legal fight.

Earlier this month, Rolling Stone Magazine reported that Katherine Jackson was asking a Los Angeles court to hold Michael Jackson’s estate executors in contempt of court for closing the music deal without her consent while waiting on a separate appeal about the transaction. Mrs. Jackson has an officer role in the Jackson estate and a reported 10 percent stake.

Her lawyer said
“On March 1st, I sent a letter to the estate asking for an explanation as to the authority they used as the basis in order to proceed with the transaction, and – crickets. No response at all. We don’t understand why this is not contempt of this court,”

A Judge reportedly sided with the estate executors, arguing that they did not need permission to move ahead with the transaction. However, the appeal remains pending, meaning future legal action against the estate over the sale is still on the table.

As we mentioned, her legal fees are also a source of tension.

In court, Katherine Jackson's lawyers argued that the estate should cover her high fees, stating that the estate was retaliating against her for opposing the sale.

According to court documents obtained by TMZ, Michael Jackson’s son, Blanket Jackson, took legal action against his grandmother to block her from obtaining money from the estate to pay her legal fees.

According to TMZ, Blanket doesn’t want the estate to pay for Katherine Jackson’s continued legal actions against the estate — namely her appeal of the sale of Jackson’s music assets.
So far, it doesn’t appear as if a ruling has been made on Katherine Jackson’s legal fees — but the drama in this case doesn’t appear to be dying down anytime soon.
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23 марта 2024 г. 17:13:19
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