Jackson fights to save stake in Beatles songs

Lawyers for Michael Jackson are fighting to save his stake in the Beatles song catalogue which is at risk if he defaults today on $200 million (£112.8 million) loans.

The loans, held by Fortress Investment, are secured by the Beatles songs.

Jackson's 50 per cent interest in the rights is valued at $500 million (£284million).

According to prosecution testimony during his sex-abuse trial this year, Jackson had borrowed heavily against his assets.