AEG Live CEO: Michael Jackson and Kids Were Living Like Vagabonds

Wrongful death trial continues over This Is It tour

AEG Live chief executive Randy Phillips testified in court on Wednesday that a cash-strapped Michael Jackson wanted to go on tour again to purchase a house for his family.

The King of Pop's mother Katherine Jackson initiated a $40 billion wrongful death lawsuit against concert giant AEG Live on the behalf of his three children, Prince, 16, Paris, 15, and Blanket, 11.