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The insurance firm that backed Michael Jackson\u2019s UK comeback gigs has apparently asked a judge to stop them paying out the $17.5 million policy under grounds he was a fraud. Concert promoter AEG Live are being sued by insurer Lloyd\u2019s of London after not supplying the firm correct details over the pop legend\u2019s apparent \u2018prescription drug use and\/or addiction\u2019. Lloyds say they don\u2019t have to follow through with their policy to cover the This Is It tour because of two major reasons. Celebrity website TMZ reported that the first reason is because \u2018Michael Jackson and AEG allegedly lied about Michael\u2019s medical history \u2013 specifically, MJ said he had not seen a doctor other than a cosmetic MD since June, 2005.\u2019 And secondly, they reported: \u2018Michael did not disclose he was taking prescription drugs prior to and at the time of death \u2013 including Propofol.\u2019 Due to the incorrect information the insurance firm received, they now want the policy nullified because of the alleged fraud. The lawyer for the Michael Jackson Estate, Howard Weitzman, told TMZ: \u2018This legal action is nothing more than an insurance company trying to avoid paying a legitimate claim by the insured.\u2019 Meanwhile, the red jacket that late pop star Michael Jackson wore in his Thriller video is up for sale. But the potential buyers better have some money to spare, as the item is expected to go from anywhere between $200,000 (\u00a3122,000) – $400,000 (\u00a3245,000) at Beverly Hills-based Julian’s Auctions, this month. The item of clothing is part of an auction featuring over 600 collectibles of music icons. Auctioneer Darren Julien said the red and black leather jacket with winged shoulder details was ‘the most recognised and significant piece of pop culture’ to come up for sale. Other Jackson items on the block include his shirt from the Scream video and the battered mailbox from the Carolwood Drive estate, where Jackson died at age 50 in 2009. It also includes a black glove worn by Michael Jackson to the 1984 American Music Awards, which could fetch up to $30,000, and one of his wigs, which is expected to fetch up to $6,000. Other items up for grabs at the auction include a bustier signed by Madonna, a tight pair of trousers worn by Gene Simmons, a Jaguar owned by Frank Sinatra and a pair of trainers signed by Britney Spears. ‘The Music Icons’ sale also includes memorabilia from Bruce Springsteen, Johnny Cash and Elvis Presley. And it won’t be surprising if Jackson’s jacket fetches the higher end of the price range. In November 2009 Jackson’s famous diamant\u00e9 item sold for \u00a3254,000 at auction at the weekend, soaring far past pre-sale estimates of \u00a330,000. The buyer was Hong Kong businessman Hoffman Ma who bought it on behalf of the Ponte 16 resort hotel and casino in Macau, China, where it is understood that it will go on display to upmarket holidaymakers and businessmen The glove was worn by Jackson when he first staged the famous moonwalk dance at the 1983 Motown 25 television special. An opening bid of \u00a36,000 leaped quickly to \u00a372,000 before peaking at \u00a3212,000 – which worked out at \u00a3254,000 with commissions included. Among other Jackson lots to far-outsoar estimates was the singer’s black strap and zipper-laden jacket which he wore during a 1989 world tour, and which fetched \u00a3166,000 (including commission), some 20 times its estimate. <\/p>\n
For More Updates, follow us on Michael Jackson in 2009 when he announced he would play ten live concerts at the London O2 Arena before he passed away. (R) The auction also includes a black glove worn by Michael Jackson to the 1984 American Music Awards. The insurance firm that backed Michael Jackson\u2019s UK comeback gigs has apparently asked a judge […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[688],"tags":[],"class_list":["post-12130","post","type-post","status-publish","format-standard","category-infotainment"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/12130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=12130"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/12130\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=12130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=12130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=12130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Facebook\"](\"http:\/\/cms.nagalandpost.com\/newsimages\/PhotosCollection\/BKDWMJOIYQWKXUNDBKXF.png\")
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