AEG drops insurance claim after leaked emails (Sept 12 2012)

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AEG drops insurance claim after leaked emails (Sept 12 2012)

Post by whisper » Sat Sep 15, 2012 11:26 am

Michael Jackson insurance claim dropped


Michael Jackson's former concert promoter AEG Live is withdrawing a $17.5m (£10.9m) insurance claim over the singer's cancelled comeback gigs.

AEG had filed the claim against insurer Lloyd's of London for its concert-related losses in 2009.

However, the insurance company sought to nullify the policy, saying AEG made false claims about Jackson's health.

A lawyer for AEG said the company dropped the claim because it had been reimbursed by the singer's estate.

The move comes a week after the publication of leaked internal emails from the concert promoters which saw them voice concerns over the 50-year-old's stability and health.

...

The company's lawyer Marvin Putnam said the decision to withdraw the insurance claim had "nothing to do with the recent leak".

Lawyers said they suspected the emails were leaked from material shared between the two sides in a separate legal case between AEG and Jackson's mother, Katherine.

Mrs Jackson has accused the promoters of pressuring the singer to carry on with the sold-out comeback shows despite indications he was too weak.

"We are standing by AEG's lawyers comments that the withdrawal of the claim was not related to the leaked emails," Paul Schriffer, a lawyer for Lloyd's of London said.

"In exchange for AEG withdrawing its insurance claim, underwriters agreed to dismiss AEG from the case and to waive any costs recoverable from AEG."
...

Source: http://www.bbc.co.uk/news/entertainment-arts-19567872

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Re: AEG drops insurance claim after leaked emails (Sept 12 2012)

Post by Dialdancer » Sun Jan 13, 2013 11:58 pm

Wasn't the attempt to collect called something.....what's that phrase....oh yeah.....insurance fraud!!!!      :hitting

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