Jackson settles contract suit
From Times Staff and Wire Reports
Debt-laden pop singer Michael Jackson reached a settlement over a breach-of-contract claim by New Jersey-based finance house Prescient Capital.
Prescient sued Jackson and his MJ Publishing Trust in July 2005 for $48 million, alleging breach of contract after providing financial advice to Jackson and his various companies.
The terms of the settlement were not disclosed in filings at the U.S. District Court for the Southern District of New York.
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