MJ
Reportedly Michael Jackson reached a settlement with a sheik suing him for £4.7million last night hours before the star was due to appear at London’s High Court.
Jackson, 50, was accused by Bahrain’s Prince Abdulla AL-KHALIF of failing to repay a huge loan. Mj allegedly took the hefty sum to perform for the Prince and also record albums which he refused. But Mj did not return the amount even after declining to perform for Abdullah.
The troubled pop legend was about to board a plane to Heathrow when his lawyers settled out of court. Jackson is going through huge financial losses and is under several tie-ups to regain his footing.
His spokesman said: “He was advised by his legal team to postpone his travels since the parties had concluded a settlement in principle.”
Michael Jackson’s legal team have made a settlement in principle with an Arab Sheikh who sued the King of Pop for breach of contract.
Sheikh Abdulla bin Hamad Al Khalifa of Bahrain filed a suit alleging he’s owed a $7 million advance on an album and autobiography deal that Jackson never honoured.
Jackson was expected to attend London’s High Court on Monday to testify in the case, but he has been advised not to fly to the British capital after his lawyers made a last minute agreement with the Sheikh’s legal advisors who have been London to fight out their case and settle Sheikh’s dues.
It was thought Jackson wouldn’t be able to make it to court due to bad health, but doctors in the U.S. gave him the all clear to make the journey to London following the mystery illness.
In the suit, Sheikh Abdulla claimed he paid for a recording studio for the star and sent his own compositions for Jackson to record, as well as alleging he wasted $2.2 million on studio time for Jackson to produce a song in aid of the victims of 2005’s Hurricane Katrina - but the singer never attended. Out of court settlements are a common pattern for celebrity financial issues.
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