The concert promoters for Michael Jackson's planned 2009 comeback tour have dropped a $17.5 million insurance claim against Lloyd's of London in the wake of leaked emails expressing AEG Live management concerns about the singer's health, according to Reuters.
AEG Live, the concert division of privately held Anschutz Entertainment Group (AEG), had filed the claim for incurred losses in upfront costs for Jackson's "This Is It" tour that was to start in London in July 2009. Lloyd's later sued AEG in Los Angeles Superior Court, seeking a declaration that the insurance company did not owe the money.
An attorney for AEG Live said the company did not need the insurance settlement because the Jackson estate reimbursed it for the concert-related losses and that it informed Lloyd's in June that it was withdrawing its claim.
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