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 JACKSON ESTATE HIT WITH NEW CREDITOR CLAIM

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ENG. Hend Refai
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PostJACKSON ESTATE HIT WITH NEW CREDITOR CLAIM

MICHAEL JACKSON's estate has been hit by yet another creditor's claim - from an investment banking firm that handled the late pop legend's finances.
According to the latest creditor's claim, filed in Los Angeles Superior Court, Jackson's estate owes over $328,299 (GBP205,187) in unpaid fees to Signal Hill Capital, a small investment banking firm based in Baltimore, Maryland.
Attorneys for the company claim the amount is owed for "financial services related to music publishing assets".
According to TMZ.com, creditors' claims against the Thriller hitmaker's estate have exceeded $20 million (GBP12.5 million).
Other creditors include Jackson's spiritual advisor Revd. June Juliet Gatlin, his former skin doctor Arnold Klein, choreographer LaVelle Smith Jr. and the pop superstar's one-time manager and adviser Dr. Tohme Tohme.
Jackson's sister, Janet, and brothers Jackie, Tito, Jermaine, Marlon and Randy also reportedly have an ongoing royalties claim and have been listed as potential creditors.

05 January 2010 22:01

http://www.contactmusic.com/news.nsf/story/jackson-estate-hit-with-new-creditor-claim_1127612
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