“A years-long lawsuit between Michael Jackson’s estate and one of the superstar’s former managers has been settled, ending one of the final legal fights over the King of Pop’s assets,” the AP reports. “The confidential settlement announced Thursday with Tohme R. Tohme, Jackson’s manager in the last year of his life, was reached after a trial had been under way for five days.”
The settlement comes a month short of the 10th anniversary of Jackson’s death.
“Tohme had sought nearly $20 million from the Jackson estate in the lawsuit filed in 2012, saying he was entitled to a 15% commission on funds generated by deals he arranged for Jackson that were received after Jackson’s death in June 2009,” the AP reports. “The Jackson estate held that Tohme’s contract terminated with the singer’s death and he was entitled only to a percentage of income Jackson himself received while he was alive.”
In a joint statement issued Thursday, the two sides said of Tohme: “The estate acknowledges his efforts on Michael’s behalf.”