Bank Sues Michael Jackson For $2.5 million

July 19, 1997 12:00 AM ET

With all the money that he's got, you'd think Michael Jackson would remember to pay back his loans -- or at least hire someone to do it for him. But the King of Pop is now facing yet another law suit. This time the City National Bank claims that Jackson hasn't repaid a two and a half million dollar loan and that he missed payments of more than $850,000 last November.

However, as Jackson's lawyer puts it, this case may not make it to the courts because it's simply the result of a miscommunication.

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Song Stories

“American Girl”

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