March 11, 2023
If you recall, at the end of last year we talked about The Michael Jackson Estate filed a petition seeking approval of a business transaction.
To recap, in their motion, Branca and McClain asked the court to approve a “proposed transaction.” They said they “now have an opportunity which they believe is to the substantial advantage of the Estate and in the best interest of the beneficiaries.”
The executors filed the details of the deal under seal. However, they noted, “The executors believe they have the power and authority to enter into the Proposed Transaction pursuant to the Order Authorizing Operation of the MJJ Business as the Proposed Transaction is within and in furtherance of the operation of the MJJ Business, as well under Michael Jackson’s will.”
But Katherine Jackson and her lawyer just filed a confidential objection to the request.
Katherine asked that her motion be sealed by the court because it “contains sensitive information regarding Ms. Jackson’s family and private life.”
Her lawyer argued that if the filing was made public it would lead to this “sensitive information being widely disseminated in the media.” Further, he said, “Because of Michael’s fame, his surviving family remains in the public eye, facing intense media scrutiny. The family’s affairs are reported in tabloids and spread across the internet.”
Katherine then filed a 7-page objection under seal.
Back in November, we speculated that this was maybe about the Biopic but as the Biopic is underway and all agreed, this is clearly not the case here. We can only think of one “transaction” that the Estate is filing for and that recently made the news: the sale of Michael Jackson Catalog.
And if this is the case, it is clear that the family doesn’t want the catalog to be sold.
As all court documents are sealed from both parties, it is hard to know the exact terms of the “transaction” and what it is.
To be continued…
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