Estate Sues Lloyds
Michael’s Estate is taking his insurance company to court demanding a seventeen and a half million dollar payment over his death in 2009.
The Estate claim Lloyds of London owe seventeen and a half million dollars on an insurance policy taken out by Michael against his death, ahead of his ‘This is it’ shows, which were sold out.
However, Lloyds has asked courts in Los Angeles to declare the policy null and void, claiming Michael – who passed away from acute Propofol intoxication in his rented Los Angeles home – had lied about his medical history and drug use.
Lloyds insists the policy, “was restricted to losses resulting from accident only,” and point out Michael’s official cause of death is listed as “homicide.”
The Estate are hitting back and have filed a cross-complaint saying Michael never intended to die, no matter what the official cause of death was, and they believe it still qualifies as an accident.
The Estate’s lawyer, Howard Weitzman, has said of Lloyds’ claims: “This legal action is nothing more than an insurance company trying to avoid paying a legitimate claim by the insured.”
Michael’s Estate are also asking for punitive damages on top of the seventeen and a half million, they claim they are owed.
Source: contactmusic.com & MJWN