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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”

Tom Petty and the Heartbreakers | 1976

It turns out that a single with "American" in its title--recorded on the Fourth of July during the nation's Bicentennial, no less--can actually sell better in Britain. Coupled with the Heartbreakers' flair for Byrds jangle and Animals hooks, though, is Tom Petty's native-Florida drawl that keeps this classic grounded at home. Petty dispelled rumors that the song was about a suicidal student, explaining that the inspiration came from when he was 25 and used to salute the highway traffic outside his apartment window. "It sounded like the ocean to me," he recalled. "That was my ocean. My Malibu. Where I heard the waves crash, but it was just the cars going by."

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