Editor's note: A verdict has been reached in the involuntary manslaughter trial of Michael Jackson's doctor, Conrad Murray. Watch the verdict read live on CNN.com or the CNN apps for iPhone and iPad and follow the reaction tonight on HLN with Jane Velez-Mitchell, Nancy Grace, Dr. Drew and Joy Behar.

[Updated at 5:02 p.m. ET] For full coverage of the verdict and the reaction to the verdict read more here.

[Updated at 5:01 p.m. ET] Defense attorney Ed Chernoff told CNN he and his team have not yet decided whether they will appeal the jury's verdict.

Chernoff said right now the team is preparing for sentencing, noting their job right not was to make sure that Conrad Murray will not occupy a jail bed.

Chernoff added that he was not shocked by the verdict.

[Updated at 4:52 p.m. ET] A message from the co-executors of the Michael Jackson estate, John Branca and John McClain has been posted on the michaeljackson.com website. It says:

"The Estate of Michael Jackson and Michael himself has always believed the jury system works and despite the tragedy that brought about this trial we are in agreement with the jury's verdict. In this case justice has been served. Michael is missed on a daily basis but his genius and his music will be with us forever. He is 'the greatest entertainer that has ever lived.'"

[Updated at 4:43 p.m. ET] CNN's Ted Rowlands reports that when the verdict was read a couple members of the Jackson family let out a short celebratory outburts when the verdict was read. Some family members had their heads down as the verdict was read.

Rowlands said that Murray, who was mostly expressionless during the verdict, looked at his daughter who was in tears when he was being handcuffed at the defense table.

[Updated at 4:38 p.m. ET]  The hundreds of people outside the courthouse are still cheering and cars driving by are honking their horns after the guilty verdict was handed down.

Fans waived signs saying "Justice for Michael" and shouted Michael Jackson's name as they celebrated the verdict.

Click to watch video

[Updated at 4:28 p.m. ET] Judge Michael Pastor said that he is taking into account the public safety if Dr. Conrad Murray were released on bail. He said that the crime is also significant, because it resulted in the death of Michael Jackson. He also detailed several other factors he was taking into account before decided on the issue of bail.

"Remand is appropriate," Pastor said.

Click to watch video

Conrad Murray will not be released on bail and will be kept in the custody of the sheriff.

Bailiffs in the court have handcuffed Murray as he sits at the defense table.

[Updated at 4:28 p.m. ET] Defense lawyers are saying that Dr. Conrad Murray has for 18 months been free on bail and has not been a flight risk or a danger to the community.

"There is no reason to remand him under the circumstances," one of his lawyers argued.

[Updated at 4:26 p.m. ET] Prosecutors have asked that Dr. Conrad Murray be remanded without bail into custody following his agreement.

The judge has set sentencing for November 29, 2011.

[Updated at 4:25 p.m. ET] Lawyers on both sides are now trying to figure out what date would work for all sides for sentencing to take place.

[Updated at 4:22 p.m. ET] Dr. Conrad Murray is sitting with his hands in his lap as the judge continues to address the jury. Judge Michael Pastor is thanking the jury for their service in the case.

"We stand for juries in this courtroom," he said. "We actually stand up for juries. ...We do it because we respect you."

[Updated at 4:18 p.m. ET] The judge is now explaining to the jury that they are free to discuss the trial as well as their deliberation. However, they do not have to. The judge is explaining to the jury that their decision is theirs, and theirs alone.

[Updated at 4:18 p.m. ET]  Fans of the late King of Pop began cheering outside the courthouse after the verdict was read.

[Updated at 4:15 p.m. ET] Dr. Conrad Murray has been found guilty of involuntary manslaughter.

Murray had no expression as the verdict was read.

Click to watch video

That means the jury has found that Murray "committed a crime that posed a high risk of death or great bodily injury because of the way the act was committed or the defendant committed a lawful act, but with criminal negligence; and

The defendant’s acts unlawfully cause another person’s death."

[Updated at 4:14 p.m. ET] Juror #3, the foreman, is now telling the judge that they have in fact reached a verdict.

[Updated at 4:12 p.m. ET] The jury is now entering the courtroom, beginning with the alternates.

[Updated at 4:10 p.m. ET] Judge Michael Pastor is now on the bench.

[Updated at 3:59 p.m. ET] Dr. Conrad Murray is now in the courtroom. We are expecting the verdict to be read momentarily.

[Updated at 3:49 p.m. ET] Members of the media and others sitting in the courtroom gallery are now being allowed inside. Conrad Murray has not, however, been spotted at the courthouse yet.

The judge in this case, Michael Pastor, has indicated to members of the media that he does not want any show of emotions or outbursts in court when the verdict is read.

[Updated at 3:45 p.m. ET] What questions were the jury considering during deliberations? Let's start with the law. Involuntary manslaughter is defined as an unintentional killing committed “without the conscious disregard for human life."

To prove the crime was committed the state must prove that:

1) The defendant committed a crime that posed a high risk of death or great bodily injury because of the way the act was committed or the defendant committed a lawful act, but with criminal negligence; and

2) The defendant’s acts unlawfully cause another person’s death.

[Updated at 3:44 p.m. ET] Prosecutors David Walgren and Deborah Brazil have just been escorted down the 9th floor hallway and have entered the courtroom. Dfense attorney J. Michael Flanagan has arrived on the floor, but has not yet entered the courtroom.

[Updated at 3:43 p.m. ET] CNN's Jeffrey Toobin said if Conrad Murray is convicted in the case of involuntary manslaughter it is tough to say what his possible sentence would be.

"There are not many people prosecuted for this crime," he said. "The range of options are  probation to four years. This crime [involuntary manslaughter] is usually part of a plea bargain deal. There are not a lot of trials of this kind of crime.:

If Murray is convicted he will lose his medical license as well. Some legal experts have also questioned how California's current problem of prison overcrowding might play into a sentence if he were to be convicted.

[Updated at 3:38 p.m. ET] Members of the jury will remain in the deliberation room and the courtroom is still sealed off. Once the jury is in place, they will likely allow in members of the media, members of the Jackson family and then the rest of the lawyers and the public.

Conrad Murray and the jury will then be brought in to hear the final word from the jury.

[Updated at 3:36 p.m. ET] LaToya Jackson has now arrived at the courthouse and is being escorted inside. She had tweeted that she was running late to the court because of an accident on the freeway.

She also tweeted: @latoyajackson: "Michael's spirit will be with us in the court room and he will make sure the right verdict is made."

[Updated at 3:34 p.m. ET] The crowd outside the Los Angeles courthouse is growing as fans of Michael Jackson await the verdict in his doctors's involuntary manslaughter trial, CNN's Casy Wian reported.

Wian reported that there is also a large police presence near the court as a precaution.

[Updated at 3:24 p.m. ET] As we wait to see what verdict the jury has reached in the case, you can take a look at the instructions jurors were given before they began deliberating.

[Updated at 3:19 p.m. ET] Defense attorney Nareg Gourjian has arrived at the courthouse, the first attorney to come back to the court from either side to arrive, according to InSession's Michael Christian. Gourjian was questioned by several reporters, but he declined to comment.

[Updated at 3:06 p.m. ET] Michael Jackson's brother, Jermaine, has also arrived at the courthouse. CNN reporters have not seen any of Conrad Murray's attorneys arrive at the courthouse yet, but there are reports that Murray is on his way there.

[Updated at 2:59 p.m. ET] Video shows Joe and Katherine Jackson arriving at the courthouse.

As the verdict looms in Conrad Murray's involuntary manslaughter case, InSession's Sunny Hostin said it's worth noting that jurors asked no questions during almost 10 hours of deliberation. They asked only for highlighters, Hostin said.

[Updated at 2:17 p.m. ET]  Michael Jackson's parents, Katherine and Joe Jackson, were believed to be waiting with other family members at a hotel near the courthouse so they could get there quickly if a verdict was reached.

[Updated at 2:07 p.m. ET] The jury in the Conrad Murry trial buzzed three times at 1:56 p.m. ET signaling they had reached a verdict.

The verdict is expected to be announced in approximately two hours, or at 4:00 p.m. ET, according to InSession producer Michael Christian. Judge Michael Pastor could, however, have the jury read the verdict as soon as all of the necessary parties are in court.

[Posted at 2:04 p.m. ET] Jurors have reached a verdict in the trial of Dr. Conrad Murray, who is charged with involuntary manslaughter in the death of Michael Jackson.

The seven men and five women were deciding if Dr. Conrad Murray was criminally negligent in his use of the surgical anesthetic propofol to treat Jackson's insomnia and if it significantly contributed to the singer's 2009 death.

Jurors heard from 49 witnesses over 23 days, including Murray's girlfriends and patients, Jackson's former employees, investigators, and medical experts for each side.

Prosecutors argue that Murray's use of propofol in Jackson's home to treat his insomnia was so reckless it was criminally negligent.

The defense contends Jackson self-administered the fatal overdose of drugs in a desperate search for sleep without Murray's knowing.

Murray, if convicted, faces up to four years in prison and the loss of his medical license.