- - Sunday, February 20, 2011


Jackson’s estate earned $310 million

LOS ANGELES | Court documents show Michael Jackson’s estate has earned more than $310 million since the singer’s death, but is still dealing with a series of lawsuits and financial disputes.

According to a filing in the singer’s probate case, Jackson died with more than $400 million in debt.

The filing reported the income, and more than $159 million in spending, for the period between Jackson’s death in June 2009 and December 2010.

The estate’s filing states it is negotiating settlements for several lawsuits, including disputes over Jackson’s “Thriller” album.

Estate administrators have restructured much of Jackson’s debt and negotiated deals for video games, new albums and a movie using rehearsal footage from Jackson’s last concert.


Former council staffer reaches plea deal

The former chief of staff for D.C. Council member Jim Graham has pleaded guilty to lesser charges in a bribery case.

Ted Loza pleaded guilty Friday afternoon to two counts of accepting an illegal gratuity and one count of making a false statement.

Under federal sentencing guidelines, he’s likely to receive between eight and 14 months in prison and a fine of up to $20,000. Sentencing is set for May 12.

Loza, 45, was charged in 2009 with taking bribes and free trips in exchange for pushing legislation that would benefit some taxicab businesses.

Mr. Graham has denied any wrongdoing.

He said in a statement that he’s happy for Loza that the case has been resolved and notes that Loza did not admit to bribery or conspiracy.

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