According to the German website Bild, Klaus Landefeld, is preparing a lawsuit against the King Of Pop Michael Jackson in excess of 4.5 million US dollars.

According to Bild, Landefeld had invested and lost money in a company called MJ Net. Entertainment. The company was supposed to sell Michael Jackson merchandising, but this fell through. With the remaining company that was dissolved by a German court.

According Landefeld, the King Of Pop held a stake of 13.8 percent in MJ Net. Smaller investors like Landefeld owned entertainment, Michael Jackson Mystery Holding in Hong Kong held a 68.29 percent stake and the remaining.

Landefeld claims that one of Michael’s other companies received 5 million dollars from MJ Net. Entertainment.

Source: Bild