Tom Petty’s relatives fight in court over late rocker’s estate
Relatives of Tom Petty launched competing lawsuits Tuesday raising concerns over their control of the late rock star’s estate.
Petty’s widow and his adult daughter from a previous marriage initiated separate civil suits in Los Angeles County Superior Court in pursuit of resolving a dispute triggered by the Rock and Roll Hall of Fame inductee’s death in 2017.
The rocker’s wife of 20 years and the directing trustee of his estate, Dana Petty, asked the court to establish an operating agreement that would appoint a manager to control day-to-day operations of the Petty estate and require that any “significant decisions” be settled by a consensus between herself and her adult two stepdaughters, Adria Petty and Annakim Violette, The Blast first reported.
Petty’s widow alleges that her stepdaughters have repeatedly complicated efforts to conduct business deals, including delaying the release of two posthumous records, the report said.
She singled out Adria Petty, 44, and claimed her “erratic behavior has made it exceedingly and increasingly difficult to carry on business and has threatened the Trust’s business dealings and important relationships,” The Blast reported.
Lawyers for the daughter initiated separate proceedings asking the court to ensure that she and her younger sister “participate equally in the management” of Petty’s estate as written in his will.
Attorneys for the daughter allege Petty’s widow created a limited liability company as established in his will but has failed to fund it with any assets from the trust, Billboard reported.
Their “efforts to participate in the management of the Artistic Property Entity have been resisted by the Trustee,” their stepmother, “who has claimed to be the sole authority over the management of the Artistic Property assets,” lawyers representing the older sister wrote in her petition to the court, according to The Blast.
That suit seeks a court order requiring the immediate funding of the LLC so that the sisters can begin overseeing the management of their late father artistic property, Billboard reported.
A hearing has been set for both suits to take place on June 11.
Petty was inducted into the Rock and Roll Hall of Fame in 2002. He told tens of millions of records as “Tom Petty The Heartbreakers” and as a solo artist prior to his death of accidental drug overdose in 2017. He was 66.