In the Michael Jackson music catalog sale fight, the late star's estate won a final ruling that says it can proceed with a sale to Sony Music.
’s estate can proceed with a $600 million sale of the singer’s catalog to Sony Music, rejecting objections from his mother that aimed to block the deal.against Katherine Jackson, the court finalized that decision on Wednesday – ruling that the estate’s executors didn’t violate the terms of Michael’s will when they inked the gargantuan deal with Sony.“The will gave the executors broad powers of sale, with no exception for the specific assets at issue in this case,” the court wrote.
But because the Jackson estate is still pending before a Los Angeles probate court more than 15 years after his 2009 death, his executors took the then-confidential deal tofor approval. When they did so, Katherine filed objections — among them that the sale “violated Michael’s wishes” and that the catalog would likely continue to gain value over time if retained.
In the new decision, the court rejected a number of key arguments from Katherine, including her claim that the sale would violate basic inheritance rules because it would prevent all of Michael’s assets from being transferred to his heirs. In doing so, the court said Michael’s will vested Branca and McClain with “full power and authority” to make such deals while in control of the estate.
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