Tom Petty's daughters say their deceased father's wife illegally took control of his artist's estate



[ad_1]

In a lawsuit filed Wednesday in the Los Angeles Superior Court, Adria Petty and Annakim Violette claimed $ 5 million in damages, as well as legal fees.

The girls, who came from Petty's first marriage with Jane Benyo, say their 16-year-old father's wife did not give them enough time to explain the management of the rocker's estate.

The complainant in question is Tom Petty Unlimited, a limited liability company created in March 2018 to manage the musician's assets after his death.

The entity controls Petty's rights as an artist, composer, publisher and producer, and oversees his memories, equipment, musical instruments and other financial assets.

Petty's daughters claim in the lawsuit that Petty has awarded them equal responsibility for her property and York Petty. Girls accuse York Petty of "mismanagement" of Tom Petty Unlimited, according to trial

Petty's daughter, artist Annakim Violette, attends the opening of a store in Beverly Hills, California.

According to the complaint, York Petty caused a loss of business opportunities for her daughters through her "exploitation of original recordings" that Tom Petty performed with various companies, including MCA Records, Geffen Records and Warner Music Group. .

The complaint also states that York Petty created a rival company, known as Tom Petty Legacy, "for the purpose of" usurping the plaintiff's business opportunities and diverting its assets. "

The musician Tom Petty and his daughter Adria Petty in Los Angeles, California.

In a statement to CNN, York Petty's lawyer, Adam Streisand, called the lawsuit "misguided and unfounded".

He added that "the trial shows sadly exactly why Tom Petty designated his wife as the only trustee entitled to manage his property." Dana will not let such destructive nonsense as this prevent him from protecting the property. heritage of her husband ".

In a legal deposit last month, York Petty's lawyers wrote that Petty's girls were trying to "rule by majority" in the partnership of three people and thereby reduce York Petty's power.

York Petty's lawyers have written in the context of this 270-page submission that "the erratic behavior of Adria Petty has made it extremely difficult – and increasingly difficult to manage." The filing alleged that Adria had "threatened the Trust's business relationship with significant relationships with Heartbreakers, Tom's labels … and Tom's long management team."

The York Petty case also asked the court to appoint a professional manager to manage Petty's assets with York Petty and her daughters.

Small recordings were published after his death

Petty's catalog of recordings is valuable because her work with Heartbreakers and as a solo artist are still the mainstays of classic rock stations.

"An American Treasure", a box of four CDs containing unpublished material from Petty, was released in 2018. A second posthumous compilation, one of the greatest albums entitled "The Best of Everything", was released in March 2019.

Theresa Waldrop and Janette Gagnon of CNN contributed to this story.

[ad_2]

Source link