Michael Jackson’s business partners lose bid for share in estate

Michael Jackson’s former business partners have lost their legal bid to gain shares in the late singer’s company.
The singer’s former publicist Raymone Bain and Qadree el-Amin, his former general manager, and two other plaintiffs claimed they were collectively entitled to 15 per cent of the Michael Jackson Company, as he had promised them shares during a meeting in Tokyo, Japan in 2006.
The Billie Jean singer passed away in 2009, and the group filed their claim in 2014. On Monday (27Mar17) a judge in Los Angeles ruled that they were too late, and the deadline for such a claim was in 2010, according to TMZ.com.
The group only had an oral agreement, not a written contract, and the judge also said their story lacked credibility and asked why they didn’t try to get their shares while Jackson was still alive if their story had been true.
Howard Weitzman, the lawyer for the Michael Jackson Estate told the site, “This was a frivolous and outrageous case and these claimants got what they deserved – which was nothing.”
It was reported in February (17), that Jackson’s mother Katherine, who owns 10 per cent of the company, had filed paperwork to join their lawsuit against the executors of the estate John Branca and John McClain because business decisions had allegedly been made without her consultation and consent. She was due to attend a hearing in March (17) to determine if she could join the legal action, but it is unclear if she was successful.