LOS ANGELES (AP) - A judge has granted approval to a deal that
will give two men administering Michael Jackson's estate 10 percent
of its profits, minus some sizable assets.
Los Angeles Superior Court Judge Mitchell Beckloff approved the
arrangement after some discussion at a hearing Wednesday.
Attorney John Branca and music executive John McClain will split
10 percent of the profits they earn Jackson's estate, minus profits
from the "This Is It" film and the singer's interests in a
lucrative music catalog.
Beckloff is retaining some oversight over the payments and
scheduled a progress report for September. Attorneys for Branca and
McClain told Beckloff the men will likely earn less than they would
have if they sought guideline compensation for running Jackson's
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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