Michael Jackson and family 'living like vagabonds'

Michael Jackson allegedly claimed he was too cash-strapped to buy 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.

The Jackson family accuses the company of negligently hiring Dr. Conrad Murray as Michael's primary physician.

Murray is currently imprisoned for involuntary manslaughter after he administered a fatal dose of propofol to Michael in 2009.

The plaintiffs contend that AEG Live forced Michael to work even though they were aware of his poor health.

The corporation's chief executive Randy Phillips testified in court on Wednesday Michael wanted to do his This Is It comeback tour in order to earn some much needed money.

According to Randy, Michael said he and his children "were living like vagabonds" and needed a permanent place to call home.

"He actually broke down [crying] and I broke down — we both broke down," Phillips recalled under questioning from AEG's attorney Marvin Putnam.

"He got emotional. He teared up about his family and having a good life with them and a place to live and a residence they could call their own.

"I felt incredibly bad that this incredible star was at the point where he just couldn't buy a house with all this money he made. It just didn't make sense. [This conversation was the] first time Michael really told me why he wanted to go back to work."

Michael's daughter Paris tried to commit suicide last week.

Apparently the stress from this trial was part of the reason why the teenager wanted to end her own life.