zum Beitrag von gestern um 14:43 Uhr habe ich folgenden Bericht beim MJJackson-Forever Forum entdeckt und übernommen ...
http://www.mjjackson-forever.com/index.php?page=Thread&postID=195273#post195273Michael Jackson's Estate Cleared
on Merchandizing Agreementa
By JONNY BONNER
Thursday, September 27, 2012 1:21 PM PT (CN) - Michael Jackson's estate and a German lawyer filed a petition to confirm an arbitration award denying the German man's claims over a merchandising agreement that the King of Pop signed more than a decade ago.
Jurgen Bachus, chairman of MJ Net Entertainment AG, sued Jackson's estate for breach of agreement in Los Angeles Superior Court in July 2009, and submitted an arbitration demand in September 2010.
Specifically, Bachus claimed Jackson failed to pay 5 million euros for 7,500 shares of MJ Net Entertainment by Jan. 4, 2004, and said the Frankfurt business folded as a result.
Jackson, as president of his licensing company, Triumph International, personally signed an exclusive worldwide merchandising contract with MJ Net in 2000. The agreement granted MJ Net exclusive commercial rights and made it the sole agency for Jackson's merchandising, licensing and franchising.
This contract canceled an agreement with Signatures Network, formerly Sony Signatures, and included a binding arbitration clause.
In July 2011, Judge Stephen Haberfeld found during arbitration that Bachus' claims were barred by a four-year statute of limitations and "not prompt, diligent or correct." Haberfeld added that Bachus initially filed a suit for 10,000 euros in German courts to "test the waters."
Bachus countered that he waited to file a suit in California due to press reports of Jackson's financial woes, which Haberfeld said was not a "cognizable excuse for having failed to have proceeded forward on his claims at all times."
Haberfeld also noted that Bachus filed the action one month after Jackson's highly-publicized death, on June 25, 2009.
"Claimant's decision not to commence a California arbitration of his claim until he did was a risk he assumed," Haberfeld wrote.
Haberfeld dismissed Bachus' claims with prejudice, and he entered a consent award on Aug. 22.
Jackson's estate said it would not seek to recover attorneys' fees because Bachus is terminally ill and cannot cover the costs.
Bachus, represented by Roger Barton of New York and the estate's executors, John Branca and John McClain, represented by Zia Modabber, Tiffany Hofeldt and Sara Karubian with Katten Muchin Rosenman of Los Angeles, filed the petition.
http://www.entlawdigest.com/2012/09/27/1835.htm (Archiv-Version vom 01.10.2012)s. a. im MJ@ckson.net Forum unter
http://www.mjackson.net/forum/showthread.php?15750-J%FCrgen-Bachus-%28MJ-Net-Entertainment%29-5-Mio-Klage-gegen-MJ-Estate-abgewiesen
