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Michael Jackson Estate, Katherine Jackson Clash in Court Over $600 Million Catalog Deal
Lawyers for Katherine Jackson said the estate should be held "in contempt" for finalizing deal, but a judge said the executors were free to move ahead
The eye-watering sale, first reported by Billboard and confirmed Friday by Rolling Stone, was negotiated by the executors to take advantage of an asset market that was “by far” the “hottest it had ever been,” a recent appellate brief filed by the estate says. But Los Angeles County Superior Court Judge Mitchell Beckloff, who’s been overseeing Michael Jackson’s estate since his death in 2009, said the executors had authority to close the deal. He said it was true that Katherine’s appeal meant that his “blessing” of the deal had been put on hold, but he said the executors were free to move ahead knowing they would be “personally on the hook” if their actions led to lawsuits.
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