sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« News Headlines »
 Here’s all you need to know New Income Tax return for salaried class available on IT portal
 What to do if you missed the (second) tax deadline
 Income-tax (5th Amendment) Rules, 2018 - Notification under section 9A (3) of the Income-tax Act, 1961 in respect of Fund Manager Regime
 Income Tax department warns salaried class again filing wrong ITRs
 ITR-1 form for AY 18-19 now available for e-filing
 New Income Tax Return Form for Salaried Class available in Portal
 Income Tax Return: ITR-1 ready for e-filing, says I-T department
 6 Tax changes you need to keep in mind while filing ITR for FY17-18 Income Tax Return efiling
 Income-tax (5th Amendment) Rules, 2018
 Last-minute tax tips for late filers
 What demonetisation did to tax collections

Legal wrangle not over: Jackson sues accountants
December, 28th 2006

A month after his musical comeback hit a sour note, pop star Michael Jackson has sued his former accountants for breach of duty, claiming they withdrew huge sums of money from his bank accounts but neglected to pay his bills.

The lawsuit, filed in Los Angeles Superior Court last Thursday, says the accounting firm Bernstein, Fox, Whitman, Goldman & Sloan withdrew $2.5 million a year from Jacksons accounts but failed to properly pay the bills for which the money was earmarked.

Representatives for the Los Angeles-based firm were not immediately available for comment. Jackson, 48, hired the firm in 2003the year before he was indicted on child molestation chargesto provide accounting, bookkeeping, tax preparation and other duties, the lawsuit said.

The suit claims the accountants hired individuals and entered into agreements on Jacksons behalf without permission, then failed to communicate with Jackson or keep him apprised of his financial affairs. Brought by Jackson and his company MJJ Productions Inc, the suit seeks unspecified damages, as well as accounting records for all of the money the firm received.

It accuses the accounting firm of negligence and breach of fiduciary duty. Jackson, who reached a deal with creditors earlier this year to refinance more than $200 million in debt and stave off insolvency, has remained largely out of the public eye since he was acquitted of sexual misconduct charges in June 2005.

Dividing much of his time between Ireland and the Persian Gulf state of Bahrain since then, Jackson emerged from seclusion last month to sing at an awards show in London, marking his first post-trial performance.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions