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.]
Tags: 13 million, family concerts, lawsuit, loan, michael jackson, mj estate, newspaper, segye times, settlement, six million, south korea