Lloyd's of London has gone to court ... asking a judge to let the company off the financial hook, claiming it doesn't owe the Michael Jackson Estate $17.5 million on grounds MJ was a fraud.
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ said he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing more than an insurance company trying to avoid paying a legitimate claim by the insured."
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ said he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing more than an insurance company trying to avoid paying a legitimate claim by the insured."
Katherine Jackson is still ADAMANT her son never molested any children ... including MJ's 1993 accuser -- and insists MJ only paid the kid off because his lawyers gave him bad advice.
Katherine appeared on "Today" this morning ... where Matt Lauer asked if there was anything she wanted to clear up about her son's life.
Katherine responded, "As far as Michael being a child molester ... that's the biggest lie ever been told."
MJ's mom said she read an article after MJ died -- in which the 1993 accuser allegedly admitted he made up the story against Michael.
When Lauer asked why MJ forked over a settlement with the boy ... Katherine said, "His lawyers told him he should just pay the money .. they thought that just paying the money and shut the people up would be the right thing to do."
Katherine said she asked MJ why he made the move -- and MJ told
her, "I didn't want to do it either mother, I wanted to fight it because I knew it wasn't the truth."
Katherine appeared on "Today" this morning ... where Matt Lauer asked if there was anything she wanted to clear up about her son's life.
Katherine responded, "As far as Michael being a child molester ... that's the biggest lie ever been told."
MJ's mom said she read an article after MJ died -- in which the 1993 accuser allegedly admitted he made up the story against Michael.
When Lauer asked why MJ forked over a settlement with the boy ... Katherine said, "His lawyers told him he should just pay the money .. they thought that just paying the money and shut the people up would be the right thing to do."
Katherine said she asked MJ why he made the move -- and MJ told
her, "I didn't want to do it either mother, I wanted to fight it because I knew it wasn't the truth."
Michael my heart,
last night I dream of you,
you were embracing me from my back.
I heard your heartbeat and it beats so fast,
like our promise that our love will never end.
We had so much fun together,
that I wished to go on forever.
Talks and laugh ,kissing and cuddling,
like no other people existing.
Holding each others hands while we walked,
all your attention was just for us.
I can't think of anything when you talked,
but I love you more and more, you see.
We stopped walking and you looked at me sweetly,
then you leaned over and kissed me.
My heart popped out and I saw butterflies,
you said you love me truly. oh sorry and then, I awake up and my dream was to end.
It was still a memory to reminisce, your kiss was so tender and sweet.
Love and miss you !! ♥
last night I dream of you,
you were embracing me from my back.
I heard your heartbeat and it beats so fast,
like our promise that our love will never end.
We had so much fun together,
that I wished to go on forever.
Talks and laugh ,kissing and cuddling,
like no other people existing.
Holding each others hands while we walked,
all your attention was just for us.
I can't think of anything when you talked,
but I love you more and more, you see.
We stopped walking and you looked at me sweetly,
then you leaned over and kissed me.
My heart popped out and I saw butterflies,
you said you love me truly. oh sorry and then, I awake up and my dream was to end.
It was still a memory to reminisce, your kiss was so tender and sweet.
Love and miss you !! ♥
Smile, even though it's breaking
When there are clouds in the sky
You'll get by...
If you smile
With your fear and sorrow
Smile and maybe tomorrow
You'll find that life is still worthwhile
If you just...
Light up your face with gladness
Hide every trace of sadness
Although a tear may be ever so near
That's the time you must keep on trying
Smile, what's the use of crying
You'll find that life is still worthwhile
If you just...
Smile, though your heart is aching
Smile, even though it's breaking
When there are clouds in the sky
You'll get by...
If you smile
Through your fear and sorrow
Smile and maybe tomorrow
You'll find that life is still worthwhile
If you just smile...
That's the time you must keep on trying
Smile, what's the use of crying
You'll find that life is still worthwhile
If you just smile
I care for Michael Jackson cause he made me believe that you can do anything if you set your mind to it he has made me happy rather its his smile or music the song "Cry" i would always listen to when i felt down or sad but i would look up and keep my head to the sky. I know Michael tried to change the world and he couldnt do it by himself. He needes help im wanting to help the world so bad and hope that people will never forget the King Of Pop. I have learned so many things if you compare my life with his. Well thats another story but i love michael hes my idol some one i look up to hes always made me smile and if haters cant see that. Let them hate we dont care right? if you will comet why you love and care for Michael Jackson our King of Pop
The owners of the Neverland Ranch -- the former home of Michael Jackson -- want to turn the property into a teenage music haven.
TMZ has learned Colony Capital wants to develop a business plan to turn Neverland into a small music institute -- similar to The Juilliard School in NYC. The plan is to teach teens all aspects of music, including writing and performing.
Colony wants to turn the property into a campus, in which scores of teenagers -- rich and poor -- can learn the trade that made Michael Jackson a legend.
There are two big stumbling blocks. The first is making sure Santa Barbara County will sign off on such a project.
The second -- and bigger issue -- is whether Colony Capital can use Michael Jackson's name to promote such an institute. TMZ has good news for Colony .... sources directly connected with the Michael Jackson Estate tell us, "It's an interesting idea and we'd be open to it."
TMZ has learned Colony Capital wants to develop a business plan to turn Neverland into a small music institute -- similar to The Juilliard School in NYC. The plan is to teach teens all aspects of music, including writing and performing.
Colony wants to turn the property into a campus, in which scores of teenagers -- rich and poor -- can learn the trade that made Michael Jackson a legend.
There are two big stumbling blocks. The first is making sure Santa Barbara County will sign off on such a project.
The second -- and bigger issue -- is whether Colony Capital can use Michael Jackson's name to promote such an institute. TMZ has good news for Colony .... sources directly connected with the Michael Jackson Estate tell us, "It's an interesting idea and we'd be open to it."