Jackson Happy with Lawsuit Settlement

Michael Jackson ‘grateful’ lawsuit settled on verge of NYC trial Larry Neumeister, Canadian Press | Tuesday, June 19, 2007 NEW YORK (AP) – Michael Jackson is grateful his lawyers settled a lawsuit brought by a finance company that claimed the “Beat It” singer cheated it out of US$48 million. The lawsuit by Prescient Acquisition, of Hackensack, New Jersey, was settled Monday, just as jury selection was to begin in U.S. District Court in Manhattan. Terms of the settlement were not released. Jackson lawyer L. Londell McMillan said he delivered news of the settlement to the King of Pop, who told him, “I’m very grateful that this is behind me.”