This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Jury Finds AEG Live Not Liable For Michael Jackson's Death After Five-Month Trial In Jackson Family Lawsuit

LOS ANGELES, ­­­­­­­­­­­­­­Oct. 2, 2013 /PRNewswire/ -- After five months of trial, a Los Angeles jury today reached a verdict after deliberating for three days, finding that concert promoter AEG Live is not liable for the death of Michael Jackson.  The Jacksons, who sued AEG Live in 2010, had asked the jury to find the company liable for Mr. Jackson's death, claiming it had negligently hired, retained, or supervised Dr. Conrad Murray, Michael Jackson's longtime personal physician.  Dr. Murray is currently serving a sentence for involuntary manslaughter after the pop star overdosed on the anesthetic propofol.    

"The jury's decision completely vindicates AEG Live, confirming what we have known from the start—that although Michael Jackson's death was a terrible tragedy, it was not a tragedy of AEG Live's making," said Marvin Putnam of O'Melveny & Myers LLP, lead trial counsel for the defendants in the lawsuit.

During the lengthy trial, numerous witnesses testified about Michael Jackson's decades-long history of secret drug abuse and his pattern of seeking out doctors who would give him the drugs he wanted.  Some of the most explosive testimony came from Jackson's own medical providers, who testified that Jackson sought out and used propofol on several occasions over the years prior to his death.

The jury's decision came after the Honorable Yvette M. Palazuelos previously threw out all of the Jackson family's other claims, finding a lack of evidence providing any legal basis to support them, and dismissed parent company AEG, Inc. from the lawsuit.  The judge had previously thrown out a copycat suit filed by Michael Jackson's father Joseph Jackson

Judge Palazuelos also recently dismissed AEG Live executives Randy Phillips and Paul Gongaware from the trial after finding that they "did not control, direct, or perpetrate any of the activities in [ Michael Jackson's] home" that ultimately led to Jackson's death, and they "committed no act directly related to the harm."

"There was simply no evidence that anyone at AEG did anything wrong," Putnam said.  "The win was a great victory for Mr. Phillips in particular, who was personally sued by the Jacksons." 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs