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Estate News, Law Suit, News

IRS vs The Estate of Michael Jackson -Daily updates

February 9, 2017 • By

Michael Jackson’s $700M Last Dance With IRS Kicks Off In LA
Los Angeles (February 6, 2017, 11:46 PM EST) — Michael Jackson’s estate delivered opening statements Monday in its battle with the Internal Revenue Service over a tax bill that could reach $700 million, rejecting claims that Jackson’s image and music rights were worth over $800 million when he died and arguing they were instead rendered worthless by debts and scandal.

During the first day of a trial in Los Angeles that’s expected to run for several weeks, attorneys for the estate and the IRS laid out their respective cases to U.S. Tax Judge Mark Holmes, who is visiting from the tax court’s home base in Washington, D.C., to decide whether the estate underreported its value by hundreds of millions of dollars at the time of the King of Pop’s death in June 2009.

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Estate News, Law Suit, News

John Branca Takes the Stand in Michael Jackson Tax Trial

February 7, 2017 • By

Prominent music attorney John Branca took the stand Monday on the first day of trial in a potentially billion-dollar tax fight between Michael Jackson’s estate and the IRS.

Branca, who represented the King of Pop off and on for nearly three decades, took the stand after lunch and spent nearly four hours being examined by Jackson estate attorney Howard Weitzman.

The trial is expected to last three weeks, as attorneys for the estate and the government each work to convince a judge that their value of Jackson’s likeness at the time of his death is the correct one. Jackson is widely considered one of the greatest musical talents who ever lived — but the court will have to decide whether accusations of child molestation, rumors of drug use and a lack of tours and album releases in the last few years of his life were enough to lower the value of his brand.

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Estate News, Law Suit, News

Quincy Jones’ Royalties Dispute With Michael Jackson Estate Inches Toward Trial

January 19, 2017 • By

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One music icon and the estate of another are set to go to trial Feb. 21.

Quincy Jones’ breach of contract claims involving posthumous Michael Jackson releases will proceed to trial next month, after a judge on Wednesday denied a motion for summary judgment.

The fight began in 2013 when Jones sued Sony Entertainment and MJJ Productions, a song company controlled by the King of Pop’s estate, claiming master recordings he produced were wrongfully edited and remixed to deprive him of backend profit participation. The works at issue including the This Is It film and soundtrack album and the 25th anniversary edition of Bad.

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Law Suit, News, SONY/ATV

Michael Jackson ATV share Sold To Sony – Trigger Paul McCartney Lawsuit

January 19, 2017 • By

SonyATV_logo

Many people think of Michael Jackson and Paul McCartney as being friends as well as music collaborators, but the truth is that the Beatles star has had a beef with MJ since the 1980s — and Paul is finally settling the score by filing a court paperwork with Sony and ATV in mind.

According to Hollywood Reporter, Paul McCartney has officially filed a court order against Sony/ATV for the rights to his songs with The Beatles following Michael Jackson’s $750 million sale to the company.
While it seems at first that Paul McCartney will be attempting to purchase his old songs from Michael Jackson’s collection that is now owned by Sony/ATV, this lawsuit hinges around copyright laws.
For this reason alone, Paul McCartney’s attempt to finally get his music back from Michael Jackson’s purchase could be one of the biggest celebrity lawsuits to watch in 2017.
Oddly, Michael Jackson and Paul McCartney were once very close friends. In 1983, Michael Jackson and Paul McCartney topped the charts with “Say, Say, Say,” and had several other collaborations, but this mood would soon sour.

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Estate News, Law Suit, News

Judge: Quincy Jones cannot expand $10M suit against late Michael Jackson’s companies

December 13, 2016 • By

quincy-vs-mj

A judge ruled Monday that producer Quincy Jones cannot expand his $10 million breach-of-contract lawsuit against one of the late Michael Jackson’s companies regarding projects released after the singer died.

Los Angeles Superior Court Judge Michael Stern said the case is more than three years old and that Jones’ attorneys could have brought their proposed new cause of action for financial elder abuse against MJJ Productions much sooner.

“This is a Johnny-come-lately to say the least,” Stern said.

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