The verdict is in – AEG will not be held liable for the death of Michael Jackson. Katherine Jackson, who launched the lawsuit, is said to be devastated by the verdict.

A jury decided on Wednesday that Conrad Murray, who is serving time in jail for involuntary manslaughter, was not unfit to treat Jackson. The Jacksons claimed AEG negligently hired and supervised him before Jackson’s 2009 death.
“They were counting on at least $2 billion, so there's no question that those who wanted this suit are devastated,” an insider told Fox.

“Katherine wanted the money because the Jacksons don't have what people think they do. She gets money from the estate as does Prince, Paris, and Blanket, but once Katherine dies, she has nothing to leave her children, Jermaine, Jackie, etc… There is now going to be a lot of in-house fighting.”

On Thursday, Murray said he is “relieved” by the verdict. “I cried because, for once, the world was allowed to hear some of the facts at they pertain to this matter -- a lot of facts that have been suppressed, much of which I was denied and my attorneys could not present during my criminal trial," he said on the Today Show, CNN reports.

Check out our timeline of events that occurred up until Wednesday’s verdict. The trial lasted five months.

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