US – AEG dropped its USD 17.5 million claim

The insurance policy for Michael Jackson was dropped just days after e-mails were received which revealed that the concert promoter AEG had doubts about Jackson’s health at the time they were applying for the insurance.

 

AEG lawyer Marvin Putnam said the move has been in the works for months and is not connected with the controversy over the e-mails.

 

A Lloyds of London underwriter sued AEG and Michael Jackson LLC after Jackson’s death, claiming they failed to disclose information about the pop star’s health and drug use.

 

“In exchange for AEG withdrawing its insurance claim, underwriters agreed to dismiss AEG from the case and waive any costs recoverable from AEG,” said Paul Schrieffer, attorney for the insurance underwriter. “The insurance case continues against the Michael Jackson Company LLC for among other things, rescission of the policy due to nondisclosures of Michael Jackson’s prior drug use.”