The dispute between the Michael Jackson Estate and Katherine Jackson regarding a secret deal is still on going.
New court documents revealed that the Estate is fearing the legal opposition from Katherine Jackson might jeopardise the deal.
“Given the amount of time that an appeal will take, almost certainly more than a year, it is unlikely that this deal will be on the table for the Executors to accept at the conclusion of appellate proceedings, Offer of this magnitude are not typically left open for months or years at a time, with no certainty that they will ever close. This is particularly true here since the economics of the deal necessarily change with the passage of time.”
The filing noted that one family member’s objection is not that the deal is bad but rather the family member does not want to proceed with any such transaction of the kind.
It seems that the whole secret deal is about the selling of Michael Jackson own music catalog.
Both McClain and Branca claimed in court that the loss could be greater than $400 Million!
The judge still have to take a decision on the matter.
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