‘Nearly broke’ Jackson settles €12m lawsuit

SUPERSTAR Michael Jackson has settled a potentially humiliating €12 million lawsuit brought by a former business manager who claimed he was nearly broke, lawyers have said.

Attorneys for the “King of Pop” and his onetime advisor, South Korean-born Myung-Ho Lee, announced they had struck an out-of-court deal that averts a potentially explosive trial that had been due to start next week.

But the terms of the settlement - which came just nine days after Jackson asked the judge to throw out the case - will remain confidential, lawyers for the pair said through a court spokesman in Los Angeles.