After a five-month trial and three days of deliberation, a Los Angeles jury ruled Wednesday (Oct. 2) that entertainment company AEG Live was not negligent in the death of Michael Jackson in 2009.

Jackson's mother, Katherine, sued AEG, which was producing the late singer's 'This Is It' tour, blaming the company for hiring Dr. Conrad Murray, who contributed to the singer's death. She also alleged in her suit that AEG worked Jackson to death and threatened to destroy his career if he called off the tour.

AEG denies Katherine's allegations, claiming MJ would take any drug to help him sleep and they didn't know what Dr. Murray was administering to him.

Jackson died on June 25, 2009, after suffering a cardiac arrest. The Los Angeles County Coroner concluded that while the singer died of acute Propofol intoxication, he had a variety of drugs in his system.

The Los Angeles Times reports that the Jackson estate was seeking $85 million for each of Jackson's three children and $35 million for his mother. They also wanted another $1.5 billion for economic losses.

According to E! Online, Dr. Murray "cried" when he heard the outcome of the Jackson-AEG trial.

Dr. Murray, who was convicted in 2011, of involuntary manslaughter for his role in Jackson's death, is scheduled to be released from prison on Oct. 28.

He told 'Today' host Matt Lauer that he's eager to rebuild his life once he leaves prison.

"I would re-start my life and, God wiling, I would be a model to show the world that, despite adversity and when bad things happen to good people, they can re-start their life and succeed," he said.