A U.S. judge overseeing MICHAEL JACKSON's estate has handed power of attorney to the executors of the star's will.At a hearing on Friday (02Oct09), Los Angeles Superior Court Judge Mitchell Beckloff gave Jackson's administrators lawyer John Branca and music executive John MCClain the authority to consider challenges to the singer's will. The group can also enter into business deals that Katherine Jackson, the King of Pop's beloved mother, does not oppose. They also have the right to represent Jackson's estate in a number of cases that were pending at the time of his death in June (09). Beckloff declared Branca and MCClain will retain their control until the end of the year (09), despite objections from an attorney representing Katherine. The pair is said to have raised $90 million (£60 million) in posthumous profits by negotiating merchandising and film deals, and predict they will earn another $90 million before the end of the year (09). The Thriller legend died with debts amounting to approximately $398 million (£265 million).
No comments:
Post a Comment