Following on from a rather embarrassing
leak of emails which could have been interpreted as showing that AEG executives had hidden concerns about Michael Jackson's
mental and physical health prior to the planned ‘This Is It’ residency in London’s O2 in 2009, AEG Live has
dropped its $17.5 million insurance claim against Lloyds Of London resulting
from Jackson's untimely death that year. AEG had tried to claim compensation
from Lloyds, which had insured part of the planned 50 night O2 extravaganza. Insurers
had claimed that the live firm had misrepresented the state of Jackson's health
when taking out its insurance policy. CNN have reported that AEG has now agreed
with Lloyds to withdraw it’s insurance claim, and as a result the insurer will
have the promoter removed from its lawsuit in the USA, which seeks to void the policy.
The Michael Jackson estate, which controls
Michael Jackson LLC, is still pursuing the insurance payout, its lawyer said and
is still a defendant in the case brought by Lloyds.
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