By Jen Heger
Radar Legal Editor
Lloyd’s of London is suing the Michael Jackson Company and AEG over an insurance policy that was taken out for Michael Jackson‘s performances in London, which never happened due to the superstar’s sudden death.
The insurance policy that was taken out on behalf of the former King of Pop for $17.5 million dollars, which Lloyd’s doesn’t think it should have to pay because it was never revealed to them that Jackson was taking prescription drugs and Propofol.
Lloyd’s contends it shouldn’t have to pay the insurance policy because: “AEG and/or Jackson, knew but did not disclose that Jackson was taking prescription drugs and/or drugs prior to and at the time of his death, including Propofol,” the court docs state.
The insurance company asserts that they have the right to rescind the policy because of Jackson’s alleged drug use.
Michael Jackson died on June 25, 2009 of an acute Propofol intoxication. Jackson’s personal physician, Dr Conrad Murray, who admitted to administering Propofol to Michael, has been charged with involuntary manslaughter. Dr. Murray’s trial is expected to begin in September.