06/20/07 - Michael Jackson Settles $48 Mill Lawsuit With Damon Dash's Cuz

Mr. 416 · 06-20-2007, 03:27 PM

King of Pop Michael Jackson recently settled a multi-million dollar lawsuit levied against him by a New Jersey finance company headed by Dame Dash's cousin Darien Dash.

According to Billboard, lawyers for MJ confirmed reports that the singer settled a case filed against him by the Hackensack, N.J. finance company Prescient Acquisition as jury selection was scheduled to begin in Manhattan's US District Court on Monday (June 18).

The settlement terms were not released.

In his suit against the 48-year-old pop singer, Prescient owner Darien Dash -- cousin to former CEO of Roc-A-Fella Records Damon Dash and brother to actress Stacey Dash -- claimed Jackson cheated the company out of $48 million. His lawyer, Steven Altman said Dash was owed the money after helping Jackson refinance a $272 million bank loan and secure $573 million in financing to buy Sony's half of the Beatles' song catalog that Sony co-owned with Jackson.

"We're very pleased with the settlement, although the terms of it we've agreed to keep confidential at Mr. Jackson's request.

Jackson settled the case despite claims that he'd never heard of Dash.

"The most important thing is that Michael Jackson's publishing catalog remains safe and sound," Jackson's lawyer, L. Londell McMillan said. He added, the settlement "presents a win-win for everybody."

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Source:

Think Muzik · 06-20-2007, 03:50 PM

damn mj..he just fiending for more money

Zhiwai · 06-20-2007, 04:19 PM

Props on this

phaque · 06-20-2007, 04:49 PM

Quote:

Originally Posted by T-Blaze

damn mj..he just fiending for more money

mj is the one that was sued not the other way around so he isnt the one fiendin for money

rewynd · 06-20-2007, 05:02 PM

Quote:

Originally Posted by T-Blaze

damn mj..he just fiending for more money

wonder if ur able to read in school....LOOOL

Behind Tha Beatz · 06-20-2007, 06:38 PM

that aint nothin to mike. BLACKWALLSTREET BITCHES

.yaboy. · 06-20-2007, 08:36 PM

Shit that's alot of money

Think Muzik · 06-20-2007, 10:52 PM

Quote:

Originally Posted by phaque

mj is the one that was sued not the other way around so he isnt the one fiendin for money

yeah but i meant hes trying to keep it all for himself lol

MC B STREETZ · 06-20-2007, 11:02 PM

$48 mill POOOWWW!!!

GMNRecordsCT3 · 06-21-2007, 09:52 AM

I thought he was broke 5yrs. ago? Where the hell's he still getting money from?

06-20-2007, 03:27 PM	#1
Mr. 416 The Rugged One Join Date: Apr 2005 Location: T-Dot Posts: 7,591 Repped: 721 Repped 204 Times in 52 Posts Neg Reps: 0 Neg Repped at 0 Times in 0 Posts	06/20/07 - Michael Jackson Settles $48 Mill Lawsuit With Damon Dash's Cuz 06/20/07 - Michael Jackson Settles $48 Mill Lawsuit With Damon Dash's Cuz King of Pop Michael Jackson recently settled a multi-million dollar lawsuit levied against him by a New Jersey finance company headed by Dame Dash's cousin Darien Dash. According to Billboard, lawyers for MJ confirmed reports that the singer settled a case filed against him by the Hackensack, N.J. finance company Prescient Acquisition as jury selection was scheduled to begin in Manhattan's US District Court on Monday (June 18). The settlement terms were not released. In his suit against the 48-year-old pop singer, Prescient owner Darien Dash -- cousin to former CEO of Roc-A-Fella Records Damon Dash and brother to actress Stacey Dash -- claimed Jackson cheated the company out of $48 million. His lawyer, Steven Altman said Dash was owed the money after helping Jackson refinance a $272 million bank loan and secure $573 million in financing to buy Sony's half of the Beatles' song catalog that Sony co-owned with Jackson. "We're very pleased with the settlement, although the terms of it we've agreed to keep confidential at Mr. Jackson's request. Jackson settled the case despite claims that he'd never heard of Dash. "The most important thing is that Michael Jackson's publishing catalog remains safe and sound," Jackson's lawyer, L. Londell McMillan said. He added, the settlement "presents a win-win for everybody." ------------------------ Source: __________________ FUCK PETA "Even if animal research produced a cure for AIDS, we'd be against it." -Ingrid Newkirk, PETA President, 2006

06-20-2007, 08:36 PM	#7
.yaboy. Member Join Date: Feb 2007 Location: .604. Posts: 384 Repped: 63 Repped 82 Times in 25 Posts Neg Reps: 0 Neg Repped at 0 Times in 0 Posts	Shit that's alot of money __________________

06-20-2007, 11:02 PM	#9
MC B STREETZ YAYO'S ADVOCATE/HYPE MAN Join Date: Nov 2006 Location: FIND ME IN YA CRIB WIT DA NINA WHERE DA MONEY AT Posts: 18,199 Repped: 3,566 Repped 21,970 Times in 2,200 Posts Neg Reps: 58 Neg Repped at 51 Times in 45 Posts	$48 mill POOOWWW!!! __________________ "I'M A LOUDMOUTH NIGGA BUT MY RUGER SILENT" -TONY YAYO A.K.A TALK OF NEW YORK "ALL YAYO ENEMYS ARE ALL OF MY ENEMYS" - MC B STREETZ A.K.A YAYO'S NINJA

06-21-2007, 09:52 AM	#10
GMNRecordsCT3 Macaroni wit the Cheeesse Join Date: May 2005 Location: Wash Heights, NYC Posts: 17,607 Repped: 6,779 Repped 2,309 Times in 618 Posts Neg Reps: 202 Neg Repped at 50 Times in 40 Posts	I thought he was broke 5yrs. ago? Where the hell's he still getting money from? __________________ myspace.com/bummydavis - soundclick.com/gmnproductions "The name on my car insurance is YOUR FUKIN FAULT!!"

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06-20-2007, 03:50 PM	#2
Think Muzik Join Date: Aug 2006 Location: CANADA Posts: 909 Repped: 1 Repped 16 Times in 5 Posts Neg Reps: 1 Neg Repped at 0 Times in 0 Posts	damn mj..he just fiending for more money

06-20-2007, 04:19 PM	#3
Zhiwai G_unit_soldier_Chang Join Date: Jan 2006 Location: Puerto Rico Posts: 9,469 Repped: 15 Repped 49 Times in 8 Posts Neg Reps: 0 Neg Repped at 0 Times in 0 Posts	Props on this

06-20-2007, 06:38 PM	#6
Behind Tha Beatz liv 4 evrythin,Di 4 Notin Join Date: May 2007 Location: tha Chi Muthafucka Posts: 705 Repped: 213 Repped 0 Times in 0 Posts Neg Reps: 0 Neg Repped at 0 Times in 0 Posts	that aint nothin to mike. BLACKWALLSTREET BITCHES