NEW YORK (AP) - A financial company specialising in asset acquisition sued Michael Jackson on Monday, saying it is owed US$48 million (euro40 million) in fees for rescuing the singer's stake in the publishing rights to songs by the Beatles. 

Prescient Acquisition Group Inc. said in its lawsuit in U.S. District Court in Manhattan that the pop music celebrity enlisted it in November 2004 to provide financial advice and to secure refinancing of a $272 million (euro227 million) debt to Bank of America.