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Katherine Jackson Settles Lawsuit With South Korean Newspaper For $6 Million!

| Filed under: Legal MattersMichael Jackson

katherine jackson settles with s korean newspaper

Well, it's better than $13 mil!

Waaaay back in June 2010, we learned that South Korean newspaper Segye Times filed a $13 million lawsuit against Katherine Jackson over a series of family concerts that never happened.

Now, the lawsuit has finally been settled, and MJ's estate has loaned Katherine $6 mil to pay the newspaper.

Unfortunately for Katherine, she'll have to pay the entire amount back to the Michael Jackson estate within one year, at an interest rate of .16%.

Better start scheming up some moneymaking schemes ideas now, Katherine! We're sure you'll figure something out!

[Image via WENN.]

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One comment to “Katherine Jackson Settles Lawsuit With South Korean Newspaper For $6 Million!”

  1. 1

    how much is enough? greedy old snatch