Abuse Claims 'Overblown' In Jackson Tax Trial: IRS' Expert
Law360, Los Angeles (February 23, 2017, 10:52 PM EST) -- An intellectual property expert testified for the IRS on Thursday that the damage child molestation allegations did to Michael Jackson's name and likeness rights has been “overblown” in the Los Angeles trial to determine if Jackson's estate owes the IRS hundreds of millions of dollars for undervaluing its assets.
During the third and final week of the trial before visiting U.S. Tax Judge Mark Holmes, the IRS called to the stand intellectual property expert Weston Anson, chairman of Consor Intellectual Asset Management, to explain some of the details behind his report concluding Jackson's publicity rights were worth $161 million at the...
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