Friday, Jun 13, 2003
Friday, Jun 13, 2003 |
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LOS ANGELES: Pop star Michael Jackson settled a $12-million breach of contract lawsuit by his former top adviser, avoiding a trial that threatened to spill details of his financial empire and personal life into open court. Jackson's attorney, Zia Modabber, confirmed that the entertainer had settled his legal fight with Myung-Ho Lee and his firm Union Finance and Investment Corp., but declined to discuss the terms. The two sides had reached a confidential agreement to settle Lee's lawsuit and a counter-suit by Jackson and filed notice with Los Angeles Superior Court Judge Andria Richey on Wednesday. Lee claimed in his lawsuit that Jackson hired him in the late 1990s to put his financial affairs in order but refused to curb his spending and never paid for the services while relying on a series of "charlatans" and "hucksters" for advice. — Reuters
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