Lloyd's of Londres has gone to court ... asking a judge to let the company off the financial hook, claiming it doesn't owe the Michael Jackson Estate $17.5 million on grounds MJ was a fraud.
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ dicho he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing más than an insurance company trying to avoid paying a legitimate claim por the insured."
The company issued the muilti-million dollar policy to cover the doomed "This Is It" tour for losses.
But Lloyd's claims it doesn't have to honor the policy for 2 primary reasons:
1. Michael Jackson and AEG allegedly lied about Michael's medical history -- specifically, MJ dicho he had not seen a doctor other than a cosmetic MD since June, 2005.
2. Michael did not disclose he was taking prescription drugs prior to and at the time of his death -- including Propofol.
Lloyd's is asking the court for a declaration that the policy is null and void as a result of the alleged fraud.
Howard Weitzman, the lawyer for the Estate, tells TMZ, "This legal action is nothing más than an insurance company trying to avoid paying a legitimate claim por the insured."
Michael Jackson fans are scrambling to stop the Discovery Channel from broadcasting a gruesome reenactment of MJ's autopsy ... calling the whole thing an "affront to human dignity."
TMZ has learned ... fans have already collected nearly 1,500 signatures -- all demanding the network pull the plug on a special entitled "Michael Jackson's Autopsy" ... in which MJ's bloody autopsy is expected to be reenacted in gory detail.
The fans behind the petition call the documentary "an affront to human dignity" -- adding, "This type of sensational and unscrupulous reporting can only cause harm."
The petition states, “We ask the directors of the Discovery Channel programming to proceed with the outright cancellation of this indecent documentary.”
The doc is scheduled to air January 13th in the UK.
TMZ has learned ... fans have already collected nearly 1,500 signatures -- all demanding the network pull the plug on a special entitled "Michael Jackson's Autopsy" ... in which MJ's bloody autopsy is expected to be reenacted in gory detail.
The fans behind the petition call the documentary "an affront to human dignity" -- adding, "This type of sensational and unscrupulous reporting can only cause harm."
The petition states, “We ask the directors of the Discovery Channel programming to proceed with the outright cancellation of this indecent documentary.”
The doc is scheduled to air January 13th in the UK.