MJ’s Neverland patent bid ‘dropped’

LONDON - Michael Jackson’s family may heave a sigh of relief since the application to trademark the name “Neverland” has reportedly been withdrawn.

Jackson’s father Joe previously lashed out at proprietors of his son’s Neverland Ranch for applying for a patent for the property without seeking the family’s approval.

According to TMZ.com, executives at private equity firm Colony Capital filed papers with the U.S. Patent Office to trademark four names for use in conjunction with the massive estate, reports the Daily Express.

Joe was left fuming, and even hinted resorting to legal action.

But that may seem unnecessary since it has now emerged that the request was dropped earlier this week. (ANI)