Lawsuit over payment of Jackson's concert cancellation insurance policy settled - InfoNews

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Lawsuit over payment of Jackson's concert cancellation insurance policy settled

FILE - In this March 5, 2009 file photo, US singer Michael Jackson speaks at a press conference at the London O2 Arena. Attorneys for Jackson's estate and Certain Underwriters at Lloyd's of London told a Los Angeles judge on Wednesday Jan. 15, 2014, that they had resolved a lawsuit over payment of a $17.5 million cancellation and non-appearance insurance policy. The policy was meant to cover any losses related to Jackson's ill-fated "This Is It" comeback shows scheduled for 2009 in London. (AP Photo/Joel Ryan, File)
January 15, 2014 - 9:48 AM

LOS ANGELES, Calif. - Attorneys say they have resolved a lawsuit over the payout of Michael Jackson's concert cancellation policy.

Lawyers for Certain Underwriters at Lloyd's of London and Jackson's estate announced the settlement in Los Angeles on Wednesday.

Lloyd's had been seeking to nullify a $17.5-million non-appearance and concert cancellation policy that it issued roughly two months before Jackson's death in June 2009. The insurer contended that an examination of Jackson that was required for the policy was not completed.

Howard Weitzman, an attorney for Jackson's estate and Paul K. Shrieffer, who represented Lloyd's, did not offer any details about the resolution in court.

A trial had been scheduled for Feb. 24.

The insurer had initially sued Jackson's concert promoter, AEG Live LLC, but the company was later dismissed.

News from © The Associated Press, 2014
The Associated Press

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