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Will Smith nervous about daughter dating
NEW YORK, June 19 (UPI) -- Singer Michael Jackson decided to settle a $48 million lawsuit, which was filed against him in New York by a New Jersey finance company.
The lawsuit alleged that Jackson had stiffed businessman Darien Dash and Prescient Acquisition Group after they helped him refinance a $272 million bank loan and helped secure $573 million in financing to help the superstar buy out Sony's half of the Beatles' song catalogue.
Lawyers announced Monday that the case had been settled out of court for an undisclosed sum just as Manhattan federal Judge Kevin Castel was preparing to select a jury.
"We're very pleased with the settlement," said Dash's lawyer, Steven Altman.
Court records also revealed that the jurors were supposed to watch a recorded deposition from Jackson in which he accuses former financial advisers of swindling him out of money while he was in court to face child-sex charges.
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