Universal Express Inc fka USXP

[jking1999]

Somewhat interesting info about the MJ settlement. It appears that the settlement ran into some trouble.

The following link is to RB info about a hearing to clarify the settlement (what the meaning of 20 items is). According to the info about the hearing, MJ's settlement allowed him to select 20 items from a list of 58 auction items. USXP's lawyer balked at the fact that he select 20 auction items, but that some of those items included more than one physical item. RA's lawyer wanted the settlement redefined as to limit MJ to 20 physical items, but the judge believed that MJ was correct in picking 20 of the 58 listed auction 58 items.

http://ragingbull.quote.com/mboard/boards.cgi?board=USXP&read=521766

Apparently the matter didn't get settled because a new court hearing about the issue is scheduled for 6/6/2007:

http://ragingbull.quote.com/mboard/boards.cgi?board=USXP&read=521863

Here's a link to info about the court case as reported by that court:

http://courtgate.coca.co.clark.nv.us/DistrictCourt/asp/CaseActivity.asp

I analyzed all of the auction items that closed during the auction with no bid registered (all of those items are now marked as closed at 100.00, the minimum bid, because until eBay did that, they'd still be listed on their site as active, even though the auction is over). Most of these items show that there were no bids. But there are 63 that originally closed with no bid, but now show at least one absentee bid had been made. Of those 63, there are 43 that show more than one absentee bid had been made.

It is pretty clear to me that even if RA loses this argument over what 20 actually means, there are some items that will return to his control. Which ones, I have no idea. But some.

Just thought you guys might find this interesting, if for no other reason than it verifies that the settlement did allow MJ to take back ownership of 20 items of his choice. Explains why many of what were the best items listed in the auction got no bids.