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[BUSINESS] · United States · 8 sources

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Paris Jackson seeks $600 million from Michael Jackson estate

Paris Jackson has filed a petition in a Los Angeles court requesting the transfer of $600 million from Michael Jackson’s estate into a family trust for herself and her siblings, Prince and Bigi. The 28-year-old daughter of the late singer alleges that the estate’s executors have maintained an “iron grip” over the funds and have failed to properly finance the family trust for over 17 years, despite the estate generating significant revenue from music catalogs and image licensing.

In a related legal development, a judge granted the estate’s longtime executor, John Branca, permission to keep certain financial records confidential. The ruling by Judge Brenda J. Penny allows Branca to withhold nonpublic information regarding attorney fees, litigation costs, and specific estate accounting to prevent potential prejudice to the estate’s ongoing business matters.

While Paris Jackson claims the executors have delayed distributions and even reduced payments to the siblings after her questioning of their management, spokespeople for the estate have denied these allegations, describing them as “a complete fabrication.”

Entities

Bigi Jackson · John Branca · Los Angeles · Michael Jackson · Paris Jackson · Prince Jackson