Jury: AEG Live Not Guilty In MJ Wrongful Death Trial

A Los Angeles jury decided Wednesday that AEG Live hired Dr. Conrad Murray, but also concluded that the concert promoter was not liable for Michael Jackson's drug overdose death, according to CNN.

The jury decided that Murray was competent, so even though AEG Live hired him, it was not liable for Jackson's death and didn't owe the Jackson family millions of dollars in compensation.

"I counted Michael Jackson a creative partner and a friend," the company's CEO Randy Phillips said. "We lost one of the world's greatest musical geniuses, but I am relieved and deeply grateful that the jury recognized that neither I, nor anyone else at AEG Live, played any part in Michael's tragic death."

The verdict brings the five-month-long trial to a close.

"We have said from the beginning that this case was a search for the truth. We found the truth. AEG hired Dr. Conrad Murray, the man who is in jail for killing Michael Jackson," according to a statement from family matriarch Katherine Jackson and her lawyers. "All options regarding the balance of the jury verdict are being considered."

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