Monday, December 19, 2011

Judge Approves Pay Bump For Jackson Estate Admins

First Published: December 19, 2011 2:08 PM EST Credit: Getty Images Caption Michael Jackson leaves the Santa Barbara County Courthouse in Santa Maria on May 25, 2005LOS ANGELES, Calif. -- The executors of Michael Jacksons estate are getting a pay raise. A judge on Monday approved a request by the two men running the late pop stars estate to receive additional compensation for their professional services. Jacksons estate is overseen by attorney John Branca and music executive John McClain. They say in court filings that they have so far been paid less than the 10 percent of gross entertainment-related earnings of the estate that they agreed to split for managing the singers business affairs. The deal allows Brancas law firm to bill separately for its work, which was previously part of his share. McClain will now be paid for use of his recording studio. Jacksons estate has earned more than $300 million since his June 2009 death. Copyright 2011 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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