In what will very likely be the first of many legal actions involving The Estate of Michael Jackson, Segye Times Inc. filed a lawsuit in Los Angeles Probate Court to put a lien on money that may be going to Katherine, Joe and Jermaine Jackson.
In legal papers obtained by RadarOnline.com, the South Korean newspaper company is trying to collect on a debt that goes back 20 years.
Segye Times fronted the three Jacksons $5.5 million for a series of Jackson family concerts in 1989. They didn't happen and the company won a breach of contract judgment against the Jacksons in a CA court in 1994. Segye was never able to collect so they went back to court and renewed the judgment in 2003.-- the Jacksons didn't even bother to appear in court to defend themselves that time.
Interestingly, the attorney representing the Katherine and Joe through this was the very same Brian Oxman who presented himself as the Jackson family attorney/spokesman in the hours after Michael's death.
Segye Times is now saying it is owed $7,865,730.78 plus interest that amounts to about another $4.5 million and is growing daily. They want the court to order that when Michael's estate starts paying out inheritances, they get their money before the "judgment debtors" see a dime.