The way i see it, MJ never thought he was doing any wrong and when the allegations first surfaced, he wanted to fight them. The lawyers took a look at the evidence and said "look, you don't want a trial, pay these people off".
The lawyers for the alleger took a look at the monetary offer and did whatever tap dance they needed to convince the family to take the money and run (which wasn't difficult if the boy's father was as mercenary as it appears).
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But now its back again, The cracking, the seeping, the itching.
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