Michael Jackson Promoters Drop $17.5m Insurance Claim
Concert promoter AEG dropped its claim to collect on a $17.5m insurance policy for Michael Jacksonafter the insurance company claimed they hid the extent of his troubling health and drug problems.
The “This Is It” series of concerts were about to begin but Jackson suddenly passed away just weeks before the event.
Even though leaked AEG emails recently surfaced showing they were all too aware of MJ’s troubles at the time they applied for insurance, they say that it had nothing to do with their decision to withdraw from the claim.
It’s not quite over yet though,
The insurance company is not dropping the case against Michael Jackson LLC saying they are looking for rescission of the policy due to non-disclosures of Michael Jackson’s prior drug use.