Court filings by Jackson administrators show estate ’solvent’ after recovery of assets

September 18th, 2009 Judge allows Jackson estate challengeLOS ANGELES — A judge says Michael Jackson's mother can challenge the men currently administering her son's estate without losing her stake. Los Angeles Superior Court Judge Mitchell Beckloff's ruling was released Friday in Los Angeles.

August 22nd, 2009 Jackson memorabilia tour approved; London's firstLOS ANGELES — A judge on Friday firmly approved a deal between Michael Jackson's estate and a concert promoter to exhibit his memorabilia, praising the arrangement that the singer's mother had fought in court over her concerns that it could harm his legacy and wasn't competitively bid. Los Angeles Superior Court Judge Mitchell Beckloff approved the deal that's expected to earn Jackson's estate up to $6 million, saying after four hours of mostly closed-door testimony that there was "no question in my mind this agreement is in the best interest of the estate." Beckloff noted the lack of a reasonable alternative presented by Katherine Jackson's attorneys, alluding to a mention made in court of a company starting up in the Middle East that might be able to handle the exhibitions.

August 22nd, 2009 Michael Jackson memorabilia tour approvedLOS ANGELES — A judge on Friday firmly approved a deal between Michael Jackson's estate and a concert promoter to exhibit the King of Pop's memorabilia, praising the arrangement that the singer's mother had fought in court over her concerns that it could harm the singer's legacy and wasn't competitively bid. Los Angeles Superior Court Judge Mitchell Beckloff approved the deal that's expected to earn Jackson's estate up to $6 million, saying after four hours of mostly closed-door testimony that there was "no question in my mind this agreement is in the best interest of the estate." Beckloff noted the lack of a reasonable alternative presented by Katherine Jackson's attorneys, alluding to a mention made of a company starting up in the Middle East that might be able to handle the exhibitions.

August 22nd, 2009 London first stop for Jackson exhibitLOS ANGELES — The president of the company planning an exhibit of Michael Jackson's memorabilia says the show's first stop will be London's O2 Arena. The venue is where Jackson was scheduled to open his 50-show "This is It" concert before he died in Los Angeles on June 25.

August 11th, 2009 Jackson merchandise deal delayedLOS ANGELES —Michael Jackson fans will have to wait a little longer for official merchandise after a judge delayed his approval of key contracts. Los Angeles Superior Court Judge Mitchell Beckloff declined to rule on merchandising deals after the singer's mother raised several issues.

August 4th, 2009 Despite drama, Jackson's mother wins kids' custodyLOS ANGELES — The wishes Michael Jackson expressed in his will began to come into reality Monday during a lengthy court hearing, with his mother placed firmly in charge of rearing his children and the two men he designated still at the reins of his financial empire. As a media frenzy buzzed outside, a surprise motion from Jackson's longtime dermatologist injected some drama inside the courtroom: An attorney for the doctor, Arnold Klein, tried to enter objections to the parenting of Jackson's children.

August 3rd, 2009 Judge names Katherine Jackson permanent guardianLOS ANGELES — A judge says Michael Jackson's mother should raise the King of Pop's children. Los Angeles Superior Court Judge Mitchell Beckloff appointed Katherine Jackson as the permanent guardian of the singer's three children during a court hearing in Los Angeles on Monday.

August 3rd, 2009 Judge grants Katherine Jackson monthly allowanceLOS ANGELES — A judge has granted Katherine Jackson a monthly allowance from her son's estate. The amount of the stipend wasn't disclosed and may be sealed by the court.

July 25th, 2009 Court filings: Jackson estate will be 'solvent'LOS ANGELES — Court filings show that the temporary administrators of Michael Jackson's estate have recovered $5.5 million from a former financial adviser. The filings also indicate the administrators predict that the pop icon's estate will be solvent even though the singer died with an estimated $400 million or more in debt.

July 25th, 2009 Jackson advisor says he turned over $5.5 millionLOS ANGELES — A former financial advisor to Michael Jackson said Friday that he was the person who recently turned over to executors $5.5 million, which had been "a secret between Michael and me." Dr. Tohme Tohme responded to an inquiry from The Associated Press about documents in which administrators of the estate said they had recovered $5.5 million and substantial amounts of personal property from an unnamed former financial adviser.

July 15th, 2009 Lehman administrators reveal asset return planLONDON — Administrators for the main European unit of bankrupt U.S. investment bank Lehman Brothers Holding Inc.

July 6th, 2009 Judge backs Michael Jackson lawyer and friendLOS ANGELES — A judge says Michael Jackson's longtime attorney and a family friend should take over the singer's estate. Los Angeles Superior Court Judge Mitchell Beckloff issued his ruling Monday.

July 6th, 2009 Jackson family seeks delay in naming will executorLOS ANGELES — Michael Jackson's family wants a judge to delay the appointment of two men as temporary administrators of the pop superstar's estate, a person close to the Jacksons said. The family is looking for the delay so they can look deeper into his affairs, to see if another will emerges, and to accommodate Jackson's memorial service on Tuesday, said a person close to the family who spoke on the condition of anonymity because the person was not authorized to speak publicly.

July 1st, 2009 Jackson's will cuts out ex-wife Debbie RoweLOS ANGELES — Michael Jackson's 7-year-old will was filed Wednesday in a Los Angeles court, giving his entire estate to a family trust but cutting out his former wife Debbie Rowe. The will, dated July 7, 2002, estimated his estate at that time at more than $500 million.

March 11th, 2009 LONDON - Pop star Michael Jackson is renting rock star Rod Stewart's mansion in Essex as he stages a 10-show comeback at the O2 Arena in July. According to thesun.co.uk, the mansion is three and a half miles outside Greater London.