rogifan said:

How does one define “the estate”? If Londell is representing any of the declared heirs does that mean he’s representing “the estate”?

No he is representing SNJ not the estate and he violated the protective order by discussing estate business between WB and Comerica/Estate.

At this point a valid contract exsist between the estate and WB like or not and by disclosing information he is opening himself up to a lawsuit and I hope WB and the estate sue him into the middle of next Tuesday as well as the Judge giving him a good tongue lashing.

I honestly think if a suit was filed against him he would disapper. At this point UMG, WB, Comerica and Tyka, Omarr and Alfred want nothing to with him. Nothing is stopping SNJ from finding another lawyer or using Tyka and company's lawyer since they have put the slap down on LM.

laurarichardson said:

1Sasha said:

Sometimes, when people are in the wrong, they fight back hard to minimize what is coming to them. It is awfully hard for him to see millions slip through his fingertips. And the possibility of legal action against him ... I am sure LM is at the max DEFCON right now, fighting on all fronts. He is going to lose - the point now is just how much.

Don't you think it is carreer suicide to go against a protective order? He must really be pressed about that commision to risk being censenored by the court.

personally I don't think it is. imagine if there are sanctions waged against him for defying that order - that is just more publicity for him in the future. there will be people who will hire him for just that alone, the recklessness disguised as valiant effort for the estate/client.

I want to know how/why Prince fired him....and I am surprised that his family doesn't know about that history before retaining him as their rep. Of course, they could've just fallen for his pitch without bothering to look at his relationship (objectively) with their brother beforehand.

SpinsterSister said:

laurarichardson said:

Don't you think it is carreer suicide to go against a protective order? He must really be pressed about that commision to risk being censenored by the court.

personally I don't think it is. imagine if there are sanctions waged against him for defying that order - that is just more publicity for him in the future. there will be people who will hire him for just that alone, the recklessness disguised as valiant effort for the estate/client.

I want to know how/why Prince fired him....and I am surprised that his family doesn't know about that history before retaining him as their rep. Of course, they could've just fallen for his pitch without bothering to look at his relationship (objectively) with their brother beforehand.

The siblings initially did not retain Lonny it was Bremer who hired him.

If you remember, Lonny had a connection to an attorney for Bremer and that is how he got the job.

To answer Rogifan, Lonny does not represent the Estate, and is not in a fiduciary position for the Estate. His own attorney in court filings said he is only the business advisor for SNJ and is not working in the capacity of an attorney. Of course his attorney stated he was not working for SNJ as an attorney because Lonny has violated ethical provisions that all attorneys are under, and for which he violated, as Lonny directly contacted UMG executives (clients), instead of going through UMG's attorney. A direct violation of our code of ethics.

Additionally, he violated the Judge's protection order by specifically spelling out provisions from the WB 2014 agreement with P. If you also recall there was a fight between Comerica and Lonny's attorney as to whether he would permitted to have access to the agreement.

Warner Bros may have an action against Lonny for violating the confidentiality provisions of the agreement by discussing these provisions with the executives of UMG. UMG executives were not included in the protective order to have access to specifics of the WB agreement, only their attorneys were permitted to review the document.

SpinsterSister said:

laurarichardson said:

Don't you think it is carreer suicide to go against a protective order? He must really be pressed about that commision to risk being censenored by the court.

personally I don't think it is. imagine if there are sanctions waged against him for defying that order - that is just more publicity for him in the future. there will be people who will hire him for just that alone, the recklessness disguised as valiant effort for the estate/client.

I want to know how/why Prince fired him....and I am surprised that his family doesn't know about that history before retaining him as their rep. Of course, they could've just fallen for his pitch without bothering to look at his relationship (objectively) with their brother beforehand.

[Edited 7/7/17 9:01am]

DD55 said:

.

.

different topic but still estate related.... What is Claire Elliott trying to say in her letter?

[Edited 7/7/17 9:01am]

Dont waste your brain cells trying to figure it out.

I would imagine it would be hard of Londell to sit down with WBR even before all this given his role in the past. But hasn't WBR been restructed?

I'm also getting the impression that pressing charges would be on the discretion of the judge.

Seems like everything in the beginning was pretty much straight forward but with all the tinkering it's gotten to be a mess. Who knows maybe Carter already has another deal lined up after all this has been untangled.

DD55 said:

SpinsterSister said:

personally I don't think it is. imagine if there are sanctions waged against him for defying that order - that is just more publicity for him in the future. there will be people who will hire him for just that alone, the recklessness disguised as valiant effort for the estate/client.

I want to know how/why Prince fired him....and I am surprised that his family doesn't know about that history before retaining him as their rep. Of course, they could've just fallen for his pitch without bothering to look at his relationship (objectively) with their brother beforehand.

While LLM’s actions do indeed appear to be fishy from the outside. And I do agree he seems to be greedy and not acting in keeping with perserving P’s legacy, I don’t think the ‘Prince fired him’ is necessarily a good argument on why he could be dishonest. After all, Prince fired practically everyone at one point or another… anyone who said 'no' to him. We don’t know if he produced documents to show the family which outlined the history he had with Prince and why he no longer represented P.

.

.

different topic but still estate related.... What is Claire Elliott trying to say in her letter?

[Edited 7/7/17 9:01am]

Not fishy but unethical and not professional. I would love to know why he got let go. You can also see the in the courts docs that The Jacksons had bad things to say about him and this judgement against him for $540,000

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Barclays wins case over loans to law firm partners Read next The Big Read Worldpay emerges as a winner in the war on cash AN HOUR AGO Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) 0 Save JUNE 9, 2015 by: Jane Croft Barclays has won a High Court lawsuit against a leading US entertainment lawyer relating to the collapse of law firm Dewey & LeBoeuf. The bank sued L Londell McMillan, who has represented music legends such as Prince and Stevie Wonder, for repayment of a $540,000 loan as it sought to recoup money from partners at the failed firm. Barclays had $56m of outstanding loans to 220 partners of Dewey when it collapsed in 2012. More than 184 have since repaid the money. Lawyers often take out loans towards working capital at law firms when they are elevated to partners. If Barclays had lost the case it could have made banks more reluctant to lend to law firm partners, who are usually viewed as good credit risks. Tony Williams, the founder of legal consultancy Jomati and a former managing partner of Clifford Chance, said: “This was a case closely watched by the banks because if Barclays had lost it could have pushed up the pricing of such loans or made them less available to law firm partners. “These loans are low margin and quite long term, but banks like them as they are seen as a safe asset class.” he added. Dewey filed for Chapter 11 bankruptcy protection in June 2012 with liabilities of $315m, making it one of the biggest collapses of a US law firm. It was created in 2007 through the merger of Dewey Ballantine — a mergers and acquisitions adviser — and LeBoeuf Lamb Greene & MacRae, known for its insurance and energy work. After the merger it expanded aggressively and lured new partners by handing out multimillion-dollar guarantees. About 100 partners were on such guarantees, according to its 2012 bankruptcy filing. Mr McMillan joined Dewey as head of its entertainment and sports practice in 2007 and was one of four former partners to fight the case against Barclays. Three settled before the High Court trial began. L Londell McMillan said he looks forward to defending himself in the US Mr McMillan had argued that he had no obligation to repay, claiming it was in fact a loan to the firm, not to him personally. He also claimed it was part of a programme whose terms were negotiated with the firm, not the individual partners. Giving his ruling in favour of Barclays, Mr Justice Popplewell found that Mr McMillan was “unwilling to accept what was plain on the face of the documents and seemed to me to have convinced himself of a version of events which was inconsistent with the contemporaneous record”. Mr McMillan was “not a naive or vulnerable consumer” in signing the loan documents, he concluded. In a statement, Mr McMillan said: “Certainly, I differ with the feelings and ruling by the judge in the UK courts. I never received loan proceeds from Barclays and my capital was paid in full. I look forward to defending myself in the US.” Barclays said: “We are pleased with the court’s decision and reasoning, including the indemnity costs award. The vast majority of partners have repaid the sums owed already. Barclays will continue to robustly pursue those partners whose loans remain outstanding”. The fallout from Dewey is continuing. Last month, a Manhattan prosecutor opened a criminal trial of three former executives accused of conspiring to hide the true nature of the firm’s finances from its banks and other creditors. Former Dewey chairman Steven Davis, ex-executive director Stephen DiCarmine and ex-chief financial officer Joel Sanders deny any wrongdoing in the trial, which could last six months. Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web. Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) 0 Save Latest in UK Business & Economy The Big Read Worldpay emerges as a winner in the war on cash AN HOUR AGO WEF pushes for pension saving over student loan repayment 3 HOURS AGO fastFT UK GDP growth expected to improve slightly in Q2 – NIESR Wimbledon tennis fans join ‘The Queue’ for tradition Poor figures for May point to weaker UK growth

OMG, I saw the new documents.....I know this thread is on FIYAH today!!

udo said:

1Sasha said:

Sometimes, when people are in the wrong, they fight back hard to minimize what is coming to them. It is awfully hard for him to see millions slip through his fingertips. And the possibility of legal action against him ... I am sure LM is at the max DEFCON right now, fighting on all fronts. He is going to lose - the point now is just how much.

.

Hopefully he will lose all.

P did not lose him for nothing.

Finally someone with enough understanding and proper standing can correct Lonny in front a court.

.

As the saying goes, you reap what you sow. It's gonna catch up to him; and it already has. Greed is a terrible thing; I have seen what it does to people, time and time again. When money is involved, morals and ethics go right out the window!

I think we are all starting to see the forest for the trees. We are now starting to see all the bullshit that Prince had to put up with in his lifetime. No wonder he didn't want anything to do with these greedy, backstabbing SOBs!!

laurarichardson said:

rogifan said:

How does one define “the estate”? If Londell is representing any of the declared heirs does that mean he’s representing “the estate”?

No he is representing SNJ not the estate and he violated the protective order by discussing estate business between WB and Comerica/Estate.

At this point a valid contract exsist between the estate and WB like or not and by disclosing information he is opening himself up to a lawsuit and I hope WB and the estate sue him into the middle of next Tuesday as well as the Judge giving him a good tongue lashing.

I honestly think if a suit was filed against him he would disapper. At this point UMG, WB, Comerica and Tyka, Omarr and Alfred want nothing to with him. Nothing is stopping SNJ from finding another lawyer or using Tyka and company's lawyer since they have put the slap down on LM.

.

Good summarization, Laura!

ISaidLifeIsJustAGame said:

DD55 said:

.

.

different topic but still estate related.... What is Claire Elliott trying to say in her letter?

[Edited 7/7/17 9:01am]

Dont waste your brain cells trying to figure it out.

.

This Claire person.......OMG.......I mean, dayuuum!! I think I have problems, then I read this girl's past........how many names has she had? What??!! Married how many times......how does she even keep it straight??!! LMAO!!

This Claire person is boring as heck. What does all that crap have to do with Prince?

cloveringold85 said:

I think we are all starting to see the forest for the trees. We are now starting to see all the bullshit that Prince had to put up with in his lifetime. No wonder he didn't want anything to do with these greedy, backstabbing SOBs!!

Can you imagine goofball employees, batshit crazy and greedy ex-wives, ex-lawyers who will not just go away and flaky family members trying to live through you vicarously.

I would have sold everything moved to Turks and Caicos and told everyone to go get a job and take care of themselves.

morningsong said:

This Claire person is boring as heck. What does all that crap have to do with Prince?

The court needs to charge her for wasting everyone's time.

morningsong said:

This Claire person is boring as heck. What does all that crap have to do with Prince?

laurarichardson said:

cloveringold85 said:

I think we are all starting to see the forest for the trees. We are now starting to see all the bullshit that Prince had to put up with in his lifetime. No wonder he didn't want anything to do with these greedy, backstabbing SOBs!!

Can you imagine goofball employees, batshit crazy and greedy ex-wives, ex-lawyers who will not just go away and flaky family members trying to live through you vicarously.

I would have sold everything moved to Turks and Caicos and told everyone to go get a job and take care of themselves.

Amen!

ISaidLifeIsJustAGame said:

laurarichardson said:

cloveringold85 said:

I think we are all starting to see the forest for the trees. We are now starting to see all the bullshit that Prince had to put up with in his lifetime. No wonder he didn't want anything to do with these greedy, backstabbing SOBs!!

Can you imagine goofball employees, batshit crazy and greedy ex-wives, ex-lawyers who will not just go away and flaky family members trying to live through you vicarously.

I would have sold everything moved to Turks and Caicos and told everyone to go get a job and take care of themselves.

.

Honestly, I don't know how he put up with all of this nonsense, yet had an amazing career, made incredible music; put on amazing concerts and events........and he never looked stressed or ready to say......"oh, fuck it all."

.

I'm being humorous here, but it's the truth!! How many of us could have tolerated the bullshit that Prince had to put up with??!!

.

Not me! I would have retired a loooong time ago......Turks and Caico's sounds really nice!

DD55 said:

morningsong said:

This Claire person is boring as heck. What does all that crap have to do with Prince?

LOL, that’s what I’m wondering? She married P in ???? Doesn’t she use his name?? Married the other guy twice, divorced twice? Married P later??? I’m totally confused. Exactly as morning asked: What does it have to do with Prince?

.

At least she should have gone to the public library and type it on a computer. Maybe it would be clearer, maybe not.

.

I kinda feel sorry for her, mental illness is horrible; we all need good healthcare (sorry, had to say it). ~~DD55

.

Yeah, and what's with the hand-written letter? No computer and paper available?

.

And, her email .........she goes by the name: "Mrs. Prince Rogers Nelson"

1Sasha said:

laurarichardson said:

Can you imagine goofball employees, batshit crazy and greedy ex-wives, ex-lawyers who will not just go away and flaky family members trying to live through you vicarously.

I would have sold everything moved to Turks and Caicos and told everyone to go get a job and take care of themselves.

Amen!

.

I have to add this.........just the ex wives alone would want to make me run away!! Prince be like: "Here's a check.......now, get out of my hair and go away, please.....Go get a pedicure, a new handbag!!"

.

[Edited 7/7/17 12:28pm]

laurarichardson said:

morningsong said:

This Claire person is boring as heck. What does all that crap have to do with Prince?

The court needs to charge her for wasting everyone's time.

I can step out my front door and throw a rock and hit 10 people with messy confused lives, I don't want to read about it in court docs, and really couldn't careless about this person's life dramas, if truth be told. Must not be any laws to drop kick this person for killing trees and wasting time.

ISaidLifeIsJustAGame said:

SpinsterSister said:

personally I don't think it is. imagine if there are sanctions waged against him for defying that order - that is just more publicity for him in the future. there will be people who will hire him for just that alone, the recklessness disguised as valiant effort for the estate/client.

I want to know how/why Prince fired him....and I am surprised that his family doesn't know about that history before retaining him as their rep. Of course, they could've just fallen for his pitch without bothering to look at his relationship (objectively) with their brother beforehand.

The siblings initially did not retain Lonny it was Bremer who hired him.

If you remember, Lonny had a connection to an attorney for Bremer and that is how he got the job.

To answer Rogifan, Lonny does not represent the Estate, and is not in a fiduciary position for the Estate. His own attorney in court filings said he is only the business advisor for SNJ and is not working in the capacity of an attorney. Of course his attorney stated he was not working for SNJ as an attorney because Lonny has violated ethical provisions that all attorneys are under, and for which he violated, as Lonny directly contacted UMG executives (clients), instead of going through UMG's attorney. A direct violation of our code of ethics.

Additionally, he violated the Judge's protection order by specifically spelling out provisions from the WB 2014 agreement with P. If you also recall there was a fight between Comerica and Lonny's attorney as to whether he would permitted to have access to the agreement.

Warner Bros may have an action against Lonny for violating the confidentiality provisions of the agreement by discussing these provisions with the executives of UMG. UMG executives were not included in the protective order to have access to specifics of the WB agreement, only their attorneys were permitted to review the document.

thanks for jogging my memory.

rogifan said:

So this John Nelson release isn’t an official estate release then, correct? A lot of people seem to be treating it as such.

It is Sharon Nelson's pet project, nothing to do with the estate.

To all those who think that by puting his songs in an LLC, Prince made a brilliant business decision, I have a PP I want to sell you. Prince made a boat-load of bad biz decisions in his career including his fight with WB, the name change, suing 'fams' over YouTube posts, the mis-management of his music and night clubs AND the lack of a will and very specific instructions as to how PP was to be run and funded. Having his songs in an LLC is no guarantee of a win-win for his estate or legacy. If the shareholders of the LLC are idiots, a church or sell-outs the orgy of chaos has not even begun because these unknown entities will have full control over how his music is heard (if ever) or used and abused. In looking at the shady people Prince chose to work with in the past, I'm not terribly confident he peopled his LLC with the best minds in the entertainment industry. I have said before that Prince was a careless person: he was careless with his heart and the hearts of others, he was careless with his life and, in the end, I fear we will see that he was careless with the thing he said meant the most to him...his babies, his music. Tragic.

Bodhitheblackdog said:

To all those who think that by puting his songs in an LLC, Prince made a brilliant business decision, I have a PP I want to sell you. Prince made a boat-load of bad biz decisions in his career including his fight with WB, the name change, suing 'fams' over YouTube posts, the mis-management of his music and night clubs AND the lack of a will and very specific instructions as to how PP was to be run and funded. Having his songs in an LLC is no guarantee of a win-win for his estate or legacy. If the shareholders of the LLC are idiots, a church or sell-outs the orgy of chaos has not even begun because these unknown entities will have full control over how his music is heard (if ever) or used and abused. In looking at the shady people Prince chose to work with in the past, I'm not terribly confident he peopled his LLC with the best minds in the entertainment industry. I have said before that Prince was a careless person: he was careless with his heart and the hearts of others, he was careless with his life and, in the end, I fear we will see that he was careless with the thing he said meant the most to him...his babies, his music. Tragic.

I don't think it's a matter of making some bad business decisions, most people do. But it seems some people are putting in overtime to make things sound worse than they are. And it makes me go, hmmm are people projecting bad things for entertainment reasons? Too many have made mad money and died broke as broke can get. Very easy to do apparently. Prince did not, not by a long shot. So calling him careless it just overexaggerating. I wonder has he ever declared bankruptcy? I Googled it and I don't find any instance. How many very rich people have? Especially celebrities? How many have lost everything and had to live by the kindness of their friends? I don't think Prince had a business degree so he had to learn everything the hard way, and had to pay attention at some point, so statements like "careless" and "tragic" are just thoughtless and unperceptive to me. He wasn't a business mogul, sure, but damn, he wasn't stupid and frivolous either.

Bodhitheblackdog said:

To all those who think that by puting his songs in an LLC, Prince made a brilliant business decision, I have a PP I want to sell you. Prince made a boat-load of bad biz decisions in his career including his fight with WB, the name change, suing 'fams' over YouTube posts, the mis-management of his music and night clubs AND the lack of a will and very specific instructions as to how PP was to be run and funded. Having his songs in an LLC is no guarantee of a win-win for his estate or legacy. If the shareholders of the LLC are idiots, a church or sell-outs the orgy of chaos has not even begun because these unknown entities will have full control over how his music is heard (if ever) or used and abused. In looking at the shady people Prince chose to work with in the past, I'm not terribly confident he peopled his LLC with the best minds in the entertainment industry. I have said before that Prince was a careless person: he was careless with his heart and the hearts of others, he was careless with his life and, in the end, I fear we will see that he was careless with the thing he said meant the most to him...his babies, his music. Tragic.

Actually..Prince was a way Ahead of his Time "Social Entrepreneur"

this is what I KNOW since this is the field I work in

Out of the BOX,

yes

Inclusive

yes

Community Minded

yes

Experimenting with different VISIONAIRY Business Models that seek to extract the exploitational Middle Man yes

He was Busy and one could say he may have overextended himself..spread himself too thin...

Careless ?

Next you,ll be saying he was Lazy

rogifan said:

How does one define “the estate”? If Londell is representing any of the declared heirs does that mean he’s representing “the estate”?

part of the estate... (future owners of the estate?)

Bodhitheblackdog said:

To all those who think that by puting his songs in an LLC, Prince made a brilliant business decision, I have a PP I want to sell you. Prince made a boat-load of bad biz decisions in his career including his fight with WB, the name change, suing 'fams' over YouTube posts, the mis-management of his music and night clubs AND the lack of a will and very specific instructions as to how PP was to be run and funded. Having his songs in an LLC is no guarantee of a win-win for his estate or legacy. If the shareholders of the LLC are idiots, a church or sell-outs the orgy of chaos has not even begun because these unknown entities will have full control over how his music is heard (if ever) or used and abused. In looking at the shady people Prince chose to work with in the past, I'm not terribly confident he peopled his LLC with the best minds in the entertainment industry. I have said before that Prince was a careless person: he was careless with his heart and the hearts of others, he was careless with his life and, in the end, I fear we will see that he was careless with the thing he said meant the most to him...his babies, his music. Tragic.

There are no shareholders of an LLC. Only owners.

His LLC's are part of the Estate.

Although not certain, I would doubt P would make others "owners" of his LLC.

You know how possessive P was of his music. For him to make others owners of his LLC is not something I can fathom.

ISaidLifeIsJustAGame said: