Entertainment: Tom Petty’s Daughters Suing His Widow for $5 Million for ‘Theft and Gross Mismanagement’ of the Family Business - PressFrom - US
  •   
  •   
  •   

EntertainmentTom Petty’s Daughters Suing His Widow for $5 Million for ‘Theft and Gross Mismanagement’ of the Family Business

21:40  15 may  2019
21:40  15 may  2019 Source:   theblast.com

Officer Matthew Rittner's widow discovered she was pregnant after his death

Officer Matthew Rittner's widow discovered she was pregnant after his death The widow of fallen Milwaukee Police Officer Matthew Rittner has revealed she is pregnant. Caroline Rittner found out she was pregnant shortly after her husband's death, Milwaukee Police Lt. Kristin Felsman told WISN 12 news Tuesday. A suspect fatally shot Officer Matthew Rittner Feb. 6 while he was on duty. Caroline Rittner held a baby gender reveal party with her husband's unit. They released pink balloons from a box, signaling she's having a girl. "It was met with mixed emotions," Felsman said. "Extremely joyful emotions because, (it's) another legacy of Matt, and obviously very sad emotions because Matt would not be there to share in the joy of a new life.

Tom Petty’s Daughters Suing His Widow for $5 Million for ‘Theft and Gross Mismanagement’ of the Family Business © (Photo by Rob Grabowski/Invision/AP) Tom Petty

Tom Petty‘s two daughters are now suing his widow for allegedly mismanaging the late rocker’s businesses and they believe she has cost the company over $5 million.

Petty Unlimited was set up to manage Petty’s affairs after his death and was supposed to be run by his daughters, Adria and Annakim, and his widow, Dana Petty.

According to court documents obtained by The Blast, Petty Unlimited claims that Dana and others have breached their fiduciary duties to the company by withholding certain assets and diverting them to another company she set up.

They claim Dana has set up a competing company, Tom Petty Legacy LLC., which has interfered with their work and gone against their father’s wishes.

Tim Conway's Widow Recounts Their Love Story and His Final Two Weeks Before Death

Tim Conway's Widow Recounts Their Love Story and His Final Two Weeks Before Death Tim Conway's Widow Recounts Their Love Story After His Recent Death

Tom Petty’s Daughters Suing His Widow for $5 Million for ‘Theft and Gross Mismanagement’ of the Family Business © Mark Horton/Getty Images for ABA Tom Petty of Tom Petty And The Heartbreakers. The lawsuit claims, “As direct and proximate cause of Defendant Dana York Petty ‘s usurpation of Plaintiff s business opportunities as alleged herein, Plaintiff has suffered and continues to suffer damage in an amount in excess of $5 million, according to proof at trial.”

As The Blast first reported, Dana filed documents last month requesting that all “significant decisions” require consensus between her and Petty’s daughters because majority voting would allow for the two daughters to exert their will over her.

In her petition, Dana claims “she has gone above and beyond to seek to work cooperatively with Tom’s daughters” but they have made that difficult.

French widow sues Boeing for at least $276 million over Ethiopian crash

French widow sues Boeing for at least $276 million over Ethiopian crash A French woman whose husband died in the crash of a Boeing 737 MAX airliner in Ethiopia has filed a U.S. lawsuit against the planemaker, seeking at least $276 million in damages. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); The crash of Ethiopian Airlines flight 302 in March killed all 157 passengers and crew aboard and followed the death in October of 189 people on a Lion Air 737 MAX which plunged into the ocean off Indonesia in similar circumstances.

“Although Petitioner did everything in her power to treat Adria and Annakim as family,” she writes, “sadly, they, and in particular Adria, have repeatedly demonstrated their resentment over their father’s love of Petitioner and her role in his life.”

Related slideshow: Tom Petty's life and career in pictures (via Photo Services)

Business groups might sue White House over Mexico tariffs.
Subscribe to CNBC on YouTube.

—   Share news in the SOC. Networks
usr: 3
This is interesting!