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Lawsuit Aims To Stop Katherine, Joe & Jermaine Jackson From Inheriting Millions From Michael's Estate

Aug. 5 2009, Published 6:25 a.m. ET

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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, 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.

Jermaine Jackson
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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.



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