ET has the latest...

ET has obtained a letter from Debbie Rowe's lawyer to The New York Post demanding a retraction on the story they published stating that she will drop the custody fight over her two children with the late Michael Jackson for $4 million.

"This letter constitutes a demand for an immediate retraction of the story you carried today entitled 'Debbie Rowe Drops Custody Fight; $4 million Mother Lode for Michel Jackson's Ex.'"

The letter goes on to say:

"There has been no agreement reached between Ms. Rowe and the Jacksons;

"Ms. Rowe has not and will not "giv[e] up her parental rights";

"No determination has been reached concerning custody or visitation;

Also, "Ms. Rowe has not accepted - and will not accept - any additional financial consideration beyond the spousal support she and Michael Jackson personally agreed to several years ago."