The family is accusing the entertainment giant of negligent hiring and supervision of Dr. Conrad Murray during preparation for Jackson's ‘This Is It’ tour.
According to TMZ, $10 billion of the whopping $40 billion sum amounts to what Jackson’s children, Prince Michael (l.), Paris and Prince Michael II, believe he would have made from the tour if he were still alive. The Jackson family is determined to hold entertainment company AEG Live accountable for the death of Michael Jackson.
According to TMZ, Michael Jackson's mother, Katherine Jackson, and his three children, Prince Michael, Paris and Prince Michael II Jackson, are suing the entertainment giant for $40 billion, blaming it for hiring Dr. Conrad Murray.
The website says the Jacksons filed legal documents calling out AEG Live for its alleged negligent hiring and supervision of Murray during preparations for the "This Is It" tour in 2009.
AEG Live has countered that the lawsuit inflates what Jackson would have made, arguing his career was in decline at the time of his death.
Murray, who was convicted of involuntary manslaughter in the King of Pop's death, has been serving time in Los Angeles. TMZ also reports the doctor will plead the Fifth Amendment and avoid involvement in the AEG Live suit, as his lawyers say anything he says could be harmful to an appeal of his conviction and possible retrial.