October 21, 2010 06:46:28 GMT
In his wrongful death lawsuit, Joe is said to be seeking damages in the region of $10 million and $500 million while Dr. Conrad Murray insists he is penniless and can't afford to settle the case.
Michael Jackson's father is demanding up to $500 million in compensation in his wrongful death lawsuit against the King of Pop's personal physician Dr. Conrad Murray. Joe Jackson launched legal action against Murray in August, accusing him of administering the fatal dose of anesthetic Propofol, which led to the singer's death in June 2009.
The family patriarch alleges he was being supported by the "Thriller" hitmaker at the time of his passing - a claim which gives him the necessary legal standing to pursue a wrongful death suit. And, in new documents obtained by TMZ, Jackson is said to be seeking damages in the region of $10 million and $500 million - an amount he claims is in "the realistic range of provable damages".
Jackson attributes 20 per cent of the compensation for loss of support, 40 per cent for emotional distress, and 40 per cent for "loss of comfort, aid, society and companionship". However, he may struggle to win the cash from Murray - the medic insists he is penniless and can't afford to settle the case because insurance company bosses refuse to cover him.
Murray has pleaded not guilty to a charge of involuntary manslaughter stemming from Jackson's death and is awaiting a preliminary hearing in January 2011 to determine if he will face trial.