Lloyd's of London has gone to court ... asking a judge to let the company off the financial hook, claiming it doesn't owe the Michael Jackson Estate $17.5 million on grounds MJ was a fraud.
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ sinabi he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing madami than an insurance company trying to avoid paying a legitimate claim sa pamamagitan ng the insured."
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ sinabi he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing madami than an insurance company trying to avoid paying a legitimate claim sa pamamagitan ng the insured."
Originally posted May 29th 2010 1:00 AM PDT sa pamamagitan ng TMZ Staff
TMZ has learned Dr. Conrad Murray will visit Michael Jackson on or around the first anniversary of the singer's death.
Sources connected with the doctor tell us Murray is torn up sa pamamagitan ng Jackson's death and the anniversary is an important milestone.
And we've learned Dr. Murray has visited the Forest Lawn mausoleum where Jackson is entombed a number of times. "He goes there a lot," we're told. Murray avoids attention sa pamamagitan ng going either early in the morning or during off-hours.
TMZ has learned Dr. Conrad Murray will visit Michael Jackson on or around the first anniversary of the singer's death.
Sources connected with the doctor tell us Murray is torn up sa pamamagitan ng Jackson's death and the anniversary is an important milestone.
And we've learned Dr. Murray has visited the Forest Lawn mausoleum where Jackson is entombed a number of times. "He goes there a lot," we're told. Murray avoids attention sa pamamagitan ng going either early in the morning or during off-hours.