Michael Jackson's 3 children and his mom Katherine want in excess of $40 BILLION

Michael Jackson's 3 children and his mom Katherine want in excess of $40 BILLION from AEG Live for the death of the singer ...

We've obtained legal docs which now lay out what Prince, Paris, Blanket and Katherine want from the entertainment company for its alleged negligent hiring and supervision of Dr. Conrad Murray.

The kids want $10 billion for all of the future earnings they claim MJ would have scored had he lived.

They want an additional $50 million for various other damages.

AEG Live claims the $40 billion is preposterous because Michael's career was in a downward spiral following the child molestation allegations, as well as self-imposed exile in the Middle East. They claim the damage claim is based on rank speculation