API
< Back to all clusters
[BUSINESS] · United States · 8 sources

started · updated

Paris Jackson sues Michael Jackson estate for $600 million

Paris Jackson has filed a petition in the Los Angeles Superior Court demanding the immediate transfer of $600 million from her father’s estate to the Michael Jackson Family Trust. The lawsuit, filed by the 28-year-old artist, alleges that estate executor John Branca has failed to distribute funds to Jackson’s three children, Prince, Paris, and Bigi, as stipulated in Michael Jackson’s will.

According to the legal filings, the beneficiaries were intended to begin receiving income from the trust at age 21, with scheduled increases at ages 30, 35, and 40. However, the petition claims the trust has remained unfunded for 17 years despite the estate generating billions of dollars from music publishing and intellectual property.

Jackson’s legal team is also challenging the transparency of the estate’s financial reporting. They have raised concerns regarding $9.4 million in compensation paid to Branca and the late co-executor John McClain, as well as millions in legal fees and public relations expenses. The filing further alleges mismanagement, including the use of estate resources for private jet travel and unapproved gifts to colleagues.

Entities

Bigi Jackson · John Branca · Michael Jackson · Michael Jackson Family Trust · Paris Jackson · Prince Jackson