Michael Jackson Verdict: AEG Not Liable For King of Pop's Death

by **Admin** Thu Oct 03, 2013 3:32 pm

Michael Jackson Verdict: AEG Not Liable For King of Pop's Death
Zack O'Malley Greenburg, Forbes Staff

Michael Jackson is in the news again–this time, for the verdict in the wrongful death suit filed by his mother against concert promoter AEG Live.

Today a Los Angeles jury determined that, although AEG did indeed hire Conrad Murray, who’s now serving a four-year involuntary manslaughter sentence for administering a lethal dose of surgical anesthetic propofol to the King of Pop, the onetime doctor wasn’t “unfit or incompetent” for the work for which he was hired.

That means AEG won’t be forced to pay massive damages to Jackson’s family, a sum that many pundits had predicted could be more than $1 billion.

Even so, Jackson’s three children are in excellent financial shape, given the success of their father’s financial afterlife thus far. The singer has pulled in over half a billion dollars since he passed away in June 2009, including $145 million in 2012, his third straight year of nine-figure earnings.

The King of Pop’s latest annual total easily bested the highest-paid living musician, Dr. Dre, who earned $110 million last year on the strength of his Beats headphone line.

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