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Jackson's estate admins land profit deal

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Michael Jackson (Reuters)

Michael Jackson (Reuters)

Thu, 04 Feb 2010 4:40p.m.

The two men entrusted with taking care of Michael Jackson's estate have been given permission to profit from sales they make.

Attorney John Branca and music executive John McClain will split 10 percent of all profits they earn from the Jackson estate, thanks to a new ruling by a Los Angeles judge.

Los Angeles Superior Court Judge Mitchell Beckloff approved the arrangement at a hearing on Wednesday.

Since Jackson's death last year, the two men have been fighting off creditors claims estimated at over US$20 million. They have also overseen all ventures relating to Michael Jackson.

WENN.com

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