Michael Jackson’s estate is taking legal action against a former associate who threatened to make fresh allegations of inappropriate conduct, despite a $20mn settlement reached in 2020. The estate accuses the man of fabricating claims and seeking $213mn more, prompting the estate to seek damages and an injunction. The estate, which has turned around its finances through various ventures, is now taking a more assertive approach to defend Jackson’s legacy against ongoing accusations.
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Why AT&T Stock Jumped Today
AT&T (NYSE: T) saw its stock rise by 1.6% during Monday's trading, outperforming the S&P 500 and Nasdaq Composite, which gained 0.1% and 0.3%, respectively. The increase was partly fueled by positive market sentiment following Verizon's bullish second-quarter earnings report, which investors interpreted as a good sign for the telecommunications sector. Want More Context? 🔎
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