5/24/2009

Raymone Bain vs. Michael Jackson - Part 2.

Raymone Bain's lawyers filed for a preliminary injuction on May 21, 2009.

As the filing says, they want an immediate accounting of all compensation Michael Jackson received from the Thriller 25 and the AEG Live deals within 30 days. Bain furthermore wants to have 10% of these incomes deposited.

Bain says that this is a necessary step because of the substantial risk that payments received by Jackson will depleted or spent prior to judgement, or Jackson will leave the United States for a longer and uncertain time of period.

She gave an example of Jackson's irresponsible spending habits: after the 2007 refinancing of the loan on the Sony ATV Music Publishing catalog, Jackson reveived approximately 25 million dollars for personal living expenses. Bain states that Jackson spent approximately 6 million dollars to purchase statutes and antiques.

Bain mentioned that when Jackson stayed in a Las Vegas hotel, he said he would not leave until he could purchase the property owned by the Sultan of Brunei, which had an asking price of 100 million dollars. Jackson even sent a purchase proposal to the Sultan's representatives.

The former spokesperson of Jackson's listed 14 settled legal cases saying that 13 million dollars were allocated to pay these settlements.

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