Lawyers for Michael have informed the judge at a hearing to prevent Michael’s personal memorabilia being auctioned in Las Vegas, that a satisfactory settlement has been reached.
The terms of the settlement have not been disclosed at this time.
Court documents show that the company selling the items, claim that they are worth $50 million.
The auction will go ahead as scheduled in Las Vegas at the Hard Rock Hotel on May 30th and 31st.
It is reported that 10% of the proceeds will be dispersed between five children’s charities.
Source: Associated Press & MJWN
On the variety.com web site, they are currently featuring an article about music producer Rodney Jerkins. In the article, he discusses working with Michael.