Michael Jackson Estate, Collector Settle Over Memorabilia

LOS ANGELES (CBS) — A settlement was reached Monday between a collector and Michael Jackson's estate regarding a canceled auction of the late singer's memorabilia.

A jury trial will still take place to decide allegations by memorabilia collector Richard LaPointe of intentional interference with contractual relations and breach of contract against Julien's Auction House.

LaPointe's lawyer, Nicholas Hornberger, said the agreement calls for the Jackson estate to sell 64 of the more than 80 items in dispute between the three parties.

The auction would have been the largest authorized sale of items associated with Jackson. It was canceled in April 2009 after the singer reached a separate legal settlement in his own legal dispute with Julien's. Jackson died two months later at age 50.

The items that were to be put on the auction block included Jackson's large collection of antiques, decorative arts, costumes, music awards and other items that were once in his Neverland estate in Santa Barbara County.

LaPointe sued in October 2009, claiming ownership of items on which he bid online ahead of the auction. He was the only bidder for those items, including a replica classic automobile used by Jackson to provide transportation to celebrity guests at Neverland.

LaPointe also has one of the world's biggest collections of Beatles memorabilia.

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