Los Angeles (CNN) -- AEG dropped its claim Monday for a $17.5 million insurance policy for Michael Jackson, just days after e-mails revealed the concert promoter had doubts about Jackson's health at the time they were applying for the insurance. AEG lawyer Marvin Putnam told CNN later Monday the move has been in the works for months and is not connected with the controversy over the e-mails. A Lloyds of London underwriter sued AEG and Michael Jackson LLC after Jackson's death, claiming they failed to disclose information about the pop star's health and drug use. "In exchange for AEG withdrawing its insurance claim, underwriters agreed to dismiss AEG from the case and to waive any costs recoverable from AEG," said Paul Schrieffer, attorney for the insurance underwriter. "The insurance case continues against the Michael Jackson Company LLC for, among other things, rescission of the policy due to nondisclosures of Michael Jackson's prior drug use."
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NEW: AEG's decision is not connected with the e-mail controversy, it's lawyer says
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E-mails leaked last week show concert promoters' doubts about Michael Jackson's health
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A Lloyds of London underwriter insured Jackson's concert for $17.5 million
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Jackson died two weeks before his London shows were set to begin
"MJ is locked in his room drunk and despondent," @placeholder wrote in a March 5, 2009, e-mail to AEG Live's parent company, the paper reported.