9/27/2010

MJ Estate Creditor Claims Updates

As the media reported, the Estate of MJ filed information on a Los Angeles court about how they performed in the first year of MJ's death. Below you may see an overview of the creditor claim updates.

The Estate notified the court on December 22, 2009 that creditor claims might be filed no later then February 22, 2010. Some claims has been filed later, but in total they received 65 claims.

30 of the claims has been settled for about $4 million. 4 of the craziest claims has been rejected by the Estate. 5 claims are on court and will be settled very soon.

The rest of the claims, it's status and the amounts can be found under:

No actions taken on the Esate's part:
Adean Wells King - $180.000 - No action taken
Atkins Thomson Solicitors - $209.000 - No action taken
Bradley Buxer - $48.000 - No action taken
Cannon & Company CPA's, LLP - $56.000 - No action taken
Craig A. Johnson - $374.000 - No action taken
Diane Simmons Williams - $60.000 - No action taken
Dr. Arnold Klein - $58.000 - No action taken
Francise Tax Board - $1.647 - No action taken
Genesis Group International - $4.600.000 - No action taken
Intermedia Productions Ltd. - $1.000.000 - No action taken
Kleinberg Lopez Lange Cuddy & Klein LLP - $628.000 - No action taken
LaVelle Smith Jr. - $144.500 - No action taken
Michael Boddicker - $400.000 - No action taken
Sharad Chandra Patel - $1.000.000 - No action taken
Sidney Lanier - $3.000.000 - No action taken
Teresa Cross - $42.000 - No action taken
Tohme Tohme - $2.300.000 - No action taken
Universal Music Publishing Group - $3.000 - No action taken
Van Alexander - $70.000 - No action taken
William Bone - undetermined - No action taken

Rejected by the Estate, the other party must respond in a given time frame:
Claire McMillan - $2.000.000 - Rejected
Erle Bonner - $1.109.000.000 - Rejected
Malachi Jackson - undetermined - Rejected
Nona Paris Lola Jackson - undetermined - Rejected

The case is on court:
Iglesias Aner - $234.000 - No action taken, lawsuit filed
John Landis - $300.000 - Allowed in part, settlement negotiations ongoing
Jose Freddie Vallejos - $3.300.000 - Rejected, lawsuit filed
Jurgen Bachus - $5.000.000 - Settlement negotiations ongoing
Levitsky Productions Inc. - $1.000.000 - Settlement negotiations ongoing
Nederlander Presentations Inc. - undetermined - Filed lawsuit
Richard Lapointe - $5.000.000 - Rejected, filed lawsuit
Steven Echols - $260.000 - Filed lawsuit, settlement negotiations ongoing
Stinky Films Inc. - $1.000.000 - No action taken, filed lawsuit
Ola Ray - undetermined - Settlement negotiations ongoing

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