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Entertainment Tom Petty's Widow & Daughters Reach Settlement in Battle Over Rocker's Estate

08:50  14 december  2019
08:50  14 december  2019 Source:   billboard.com

Tom Petty’s Widow, Daughters to Jointly Run Estate After Resolving Differences

  Tom Petty’s Widow, Daughters to Jointly Run Estate After Resolving Differences Days after quietly reaching an agreement in a long-simmering lawsuit over Tom Petty’s estate, the rocker’s widow Dana Petty and daughters from a previous marriage, Annakim Violette and Adria Petty, announced that both parties have “resolved their differences and dismissed all litigation matters.” “Each of them sincerely regrets that in their intense grief over Tom’s tragic death, actions were taken that were hurtful to one another,” the estate said. Now unified, Petty’s family announced a new LLC called Tom Petty Legacy to manage all aspects of the estate.

Tom Petty ’ s widow Dana Petty and his daughters Adria Petty and Annakim Violette have reached a settlement agreement in their legal battle over the late rock star’ s estate , according to documents obtained by Billboard. The legal dispute first erupted in April, when the parties filed dueling court

Following lengthy legal battle , singer' s daughters Adria Petty and Annakim Violette and widow Dana York Petty reach " settlement agreement".

Tom Petty’s widow Dana Petty and his daughters Adria Petty and Annakim Violette have reached a settlement agreement in their legal battle over the late rock star’s estate, according to documents obtained by Billboard.

Tom Petty holding a guitar: Tom Petty and The Heartbreakers © Jerod Harris/Getty Images Tom Petty and The Heartbreakers

The legal dispute first erupted in April, when the parties filed dueling court petitions accusing the other of attempting to control Petty’s assets. The following month, a $5 million lawsuit was filed against Dana and several co-defendants by Petty Unlimited, an LLC established in Petty’s will, that accused her of “self-dealing, theft, and gross mismanagement” of her late husband’s estate and an attempt to “deprive” Adria and Annakim of their share of his assets.

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Tom Petty ’ s widow and daughters from a previous marriage have settled their bitter legal battle Presumably, the settlement clears the way for the estate to continue releasing material from the Petty died in October 2017 of an accidental drug overdose, leaving his widow as the trustee of his

Dana Petty, the widow of late rocker Tom Petty , is locked in a legal battle with the singer' s daughters , Adria Petty and Annakim Violette Also in the petition, Dana accuses Adria in particular of abusive behavior not only towards her but Petty ' s managers, record labels and former bandmates.

In a subsequent petition filed by Dana just two weeks later, she asked the court to fund and execute an operating agreement for Tom Petty Legacy, a separate LLC she established on her own, while alleging “foul behavior” on Adria’s part with regard to estate matters. She further accused both Adria and Annakim of interfering in and delaying several posthumous Petty releases, including the 2018 box set An American Treasure, the 2019 greatest hits collection The Best of Everything and a 25th anniversary reissue of Petty’s 1994 solo album Wildflowers that has yet to materialize.

The new documents, which were filed Friday (Dec. 13) in California Superior Court in Los Angeles, do not disclose details of the settlement. Representatives for Dana, Adria and Annakim have not yet responded to Billboard’s requests for comment.

Petty died of an accidental drug overdose on October 2, 2017, at the age of 66.

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