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Reply #60 posted 04/05/19 2:12pm

Astasheiks

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When will the Movie come out? razz lol

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Reply #61 posted 04/05/19 10:09pm

ISaidLifeIsJus
tAGame

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Flirt1 said:

Yes.



I dont remember whether the Estate documents addressed who found the breach.

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Reply #62 posted 04/08/19 4:51pm

luv4u

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APRIL 8, 2019 12:15PM PT
Former Prince Estate Advisors Ordered to Place Millions in Commissions in Escrow


https://variety.com/2019/...8A_35_l7Y4

Last month the companies of Charles Koppelman and L. Londell McMillan, the former entertainment advisors to the Prince estate, were ordered to place in escrow millions of dollars in compensation they received as a result of two aborted deals they negotiated during their seven-month term. The two have appealed the decision.


An investigation recommended... the funds in question. Special administrator Peter Gleekel wrote, “Both have received something of value in the nature of an unjust action and are not entitled to it and under the circumstances; it would be unjust to permit them to retain it.”



canada

Ohh purple joy oh purple bliss oh purple rapture!
REAL MUSIC by REAL MUSICIANS - Prince
"I kind of wish there was a reason for Prince to make the site crash more" ~~ Ben
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Reply #63 posted 04/08/19 9:30pm

ISaidLifeIsJus
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Seriously, this saddens me that news agencies are almost a month behind on reporting about Prince and his Estate. cry

luv4u said:


APRIL 8, 2019 12:15PM PT
Former Prince Estate Advisors Ordered to Place Millions in Commissions in Escrow


https://variety.com/2019/...8A_35_l7Y4

Last month the companies of Charles Koppelman and L. Londell McMillan, the former entertainment advisors to the Prince estate, were ordered to place in escrow millions of dollars in compensation they received as a result of two aborted deals they negotiated during their seven-month term. The two have appealed the decision.


An investigation recommended... the funds in question. Special administrator Peter Gleekel wrote, “Both have received something of value in the nature of an unjust action and are not entitled to it and under the circumstances; it would be unjust to permit them to retain it.”



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Reply #64 posted 04/09/19 10:42am

nelcp777

ISaidLifeIsJustAGame said:

Seriously, this saddens me that news agencies are almost a month behind on reporting about Prince and his Estate. cry

luv4u said:


APRIL 8, 2019 12:15PM PT
Former Prince Estate Advisors Ordered to Place Millions in Commissions in Escrow


https://variety.com/2019/...8A_35_l7Y4



It is sad. The Estate is going cold as far as keeping Prince and his work in the forefront.

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Reply #65 posted 04/09/19 5:40pm

PennyPurple

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nelcp777 said:

ISaidLifeIsJustAGame said:

Seriously, this saddens me that news agencies are almost a month behind on reporting about Prince and his Estate. cry

It is sad. The Estate is going cold as far as keeping Prince and his work in the forefront.

Because they are going broke paying legal fees. They need to get some more music out.

Heck, they need to put a jar out during the Celebration for donations for legal fees. smile

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Reply #66 posted 04/09/19 7:08pm

nelcp777

PennyPurple said:

nelcp777 said:

It is sad. The Estate is going cold as far as keeping Prince and his work in the forefront.

Because they are going broke paying legal fees. They need to get some more music out.

Heck, they need to put a jar out during the Celebration for donations for legal fees. smile

I am with you. One would think the heirs would see this as well and stop the bleeding. I would not be surprised if a 3rd party owns the estate in the end.

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Reply #67 posted 04/09/19 7:51pm

PennyPurple

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nelcp777 said:

PennyPurple said:

Because they are going broke paying legal fees. They need to get some more music out.

Heck, they need to put a jar out during the Celebration for donations for legal fees. smile

I am with you. One would think the heirs would see this as well and stop the bleeding. I would not be surprised if a 3rd party owns the estate in the end.

I know and that's sad.

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Reply #68 posted 04/10/19 6:39pm

peggyon

nelcp777 said:

PennyPurple said:

Because they are going broke paying legal fees. They need to get some more music out.

Heck, they need to put a jar out during the Celebration for donations for legal fees. smile

I am with you. One would think the heirs would see this as well and stop the bleeding. I would not be surprised if a 3rd party owns the estate in the end.

I don't follow this thread too much, who would be the 3rd party?

I wonder what the current value of the Estate is? I would imagine with legal bills and no new music??

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Reply #69 posted 04/11/19 1:38pm

nelcp777

peggyon said:



nelcp777 said:




PennyPurple said:



Because they are going broke paying legal fees. They need to get some more music out.


Heck, they need to put a jar out during the Celebration for donations for legal fees. smile



I am with you. One would think the heirs would see this as well and stop the bleeding. I would not be surprised if a 3rd party owns the estate in the end.





I don't follow this thread too much, who would be the 3rd party?


I wonder what the current value of the Estate is? I would imagine with legal bills and no new music??



The 3rd party could be anyone willing to pay the value of the Estate and willing to handle the music an stuff. With the liens and ages of the heirs, the right amount could sway some.
Wouldn’t it be crazy if Warner tried it and got it?
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Reply #70 posted 04/11/19 1:44pm

laytonian

nelcp777 said:

peggyon said:

I don't follow this thread too much, who would be the 3rd party?

I wonder what the current value of the Estate is? I would imagine with legal bills and no new music??

The 3rd party could be anyone willing to pay the value of the Estate and willing to handle the music an stuff. With the liens and ages of the heirs, the right amount could sway some. Wouldn’t it be crazy if Warner tried it and got it?

I think Jay-Z's sniffin' around.

Welcome to "the org", laytonian… come bathe with me.
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Reply #71 posted 04/11/19 4:53pm

luv4u

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laytonian said:

nelcp777 said:

peggyon said: The 3rd party could be anyone willing to pay the value of the Estate and willing to handle the music an stuff. With the liens and ages of the heirs, the right amount could sway some. Wouldn’t it be crazy if Warner tried it and got it?

I think Jay-Z's sniffin' around.

And you know this how?

canada

Ohh purple joy oh purple bliss oh purple rapture!
REAL MUSIC by REAL MUSICIANS - Prince
"I kind of wish there was a reason for Prince to make the site crash more" ~~ Ben
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Reply #72 posted 04/11/19 9:15pm

ISaidLifeIsJus
tAGame

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Kinda off topic...but to those who say P should have had a will....Tom Petty had a Trust and named his wife as the Trustee, and his two daughters from a prior marriage to have equal participation. They are now duking it out in Probate court over release of music, and other matters.


https://variety.com/2019/...203180081/



So there ya go.

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Reply #73 posted 04/12/19 9:23am

peggyon

ISaidLifeIsJustAGame said:

Kinda off topic...but to those who say P should have had a will....Tom Petty had a Trust and named his wife as the Trustee, and his two daughters from a prior marriage to have equal participation. They are now duking it out in Probate court over release of music, and other matters.


https://variety.com/2019/...203180081/



So there ya go.

I have a feeling Prince kinda knew this kind of thing would likely happen

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Reply #74 posted 04/12/19 3:17pm

muchtoofast

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ISaidLifeIsJustAGame said:



Kinda off topic...but to those who say P should have had a will....Tom Petty had a Trust and named his wife as the Trustee, and his two daughters from a prior marriage to have equal participation. They are now duking it out in Probate court over release of music, and other matters.


https://variety.com/2019/...203180081/




So there ya go.


Big deal they’re duking it out, wills are ALWAYS a good thing, no responsible financial advisor would advise against one. Not having one, especially when so much is at stake, is just plain lazy.
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Reply #75 posted 04/13/19 1:27pm

laytonian

luv4u said:

laytonian said:

I think Jay-Z's sniffin' around.

And you know this how?

Because Jay-Z (or his company) listed in the recipients of court documents related to the "pitch book" and release (I won't call it theft) of Omarr's documents.

Welcome to "the org", laytonian… come bathe with me.
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Reply #76 posted 04/15/19 9:18am

ChocolateBox31
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laytonian said:

nelcp777 said:

peggyon said: The 3rd party could be anyone willing to pay the value of the Estate and willing to handle the music an stuff. With the liens and ages of the heirs, the right amount could sway some. Wouldn’t it be crazy if Warner tried it and got it?

I think Jay-Z's sniffin' around.

Prince(r.i.p.) trusted JAY-Z & was VERY satisfied with their business dealings. He has proven to be a great business man. Particularly how his Roc Nation company handled the Nipsey Hussle nupitials.

"That mountain top situation is not really what it's all cracked up 2 B when eye was doing the Purple Rain tour eye had a lot of people who eye knew eye'll never c again @ the concerts.just screamin n places they thought they was suppose 2 scream."prince
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Reply #77 posted 04/15/19 12:41pm

Astasheiks

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muchtoofast said:

ISaidLifeIsJustAGame said:

Kinda off topic...but to those who say P should have had a will....Tom Petty had a Trust and named his wife as the Trustee, and his two daughters from a prior marriage to have equal participation. They are now duking it out in Probate court over release of music, and other matters.


https://variety.com/2019/...203180081/



So there ya go.

Big deal they’re duking it out, wills are ALWAYS a good thing, no responsible financial advisor would advise against one. Not having one, especially when so much is at stake, is just plain lazy.

You got that right! Lazy and "crazy"! haha biggrin razz eek smile

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Reply #78 posted 04/15/19 4:39pm

laytonian

peggyon said:

ISaidLifeIsJustAGame said:

Kinda off topic...but to those who say P should have had a will....Tom Petty had a Trust and named his wife as the Trustee, and his two daughters from a prior marriage to have equal participation. They are now duking it out in Probate court over release of music, and other matters.


https://variety.com/2019/...203180081/



So there ya go.

I have a feeling Prince kinda knew this kind of thing would likely happen

Yup.

Everyone saw what happened with James Brown's estate: still in a mess after almost 13 years.

Welcome to "the org", laytonian… come bathe with me.
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Reply #79 posted 04/15/19 8:23pm

ISaidLifeIsJus
tAGame

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laytonian said:

luv4u said:

And you know this how?

Because Jay-Z (or his company) listed in the recipients of court documents related to the "pitch book" and release (I won't call it theft) of Omarr's documents.



Do you remember where in the court documents Jay-Z is listed?




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Reply #80 posted 04/15/19 8:47pm

ISaidLifeIsJus
tAGame

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The heirs are asking the Judge to permanently limit Comerica's powers.


In Comerica's heavily redacted response they state:


"Just within the 6 last months, we have honored the wishes of Heirs in connection with modifying prominent television commercial for the NCAA Final Four, moving the urn containing Prince’s remains from public View, purchasing sound and light system at Paisley Park, securing an agreement t0 honor Prince at an anticipated major Minneapolis development, directing the development 0f NPG merchandise specifically requested by Heirs, and agreeing to provide the Heirs gratis use of Paisley Park for a concert they have proposed."

Comerica also alleges that this motion was filed by the heirs as part of a scheme by Michael Lythcott and Gregg Walker to take control of the assets of the Estate.

Comerica alleges Lythcott and Walker provided confidential documents to DOZENS of potential investers and lenders across the WORLD. As a result, Omarr, Tyka and Alfred executed a term sheet and purported to bind the Estate.


One of the heirs has sued Comerica for 10 billion???

Yikes!


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Reply #81 posted 04/15/19 10:07pm

Mumio

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ISaidLifeIsJustAGame said:



The heirs are asking the Judge to permanently limit Comerica's powers.


In Comerica's heavily redacted response they state:


"Just within the 6 last months, we have honored the wishes of Heirs in connection with modifying prominent television commercial for the NCAA Final Four, moving the urn containing Prince’s remains from public View, purchasing sound and light system at Paisley Park, securing an agreement t0 honor Prince at an anticipated major Minneapolis development, directing the development 0f NPG merchandise specifically requested by Heirs, and agreeing to provide the Heirs gratis use of Paisley Park for a concert they have proposed."

Comerica also alleges that this motion was filed by the heirs as part of a scheme by Michael Lythcott and Gregg Walker to take control of the assets of the Estate.

Comerica alleges Lythcott and Walker provided confidential documents to DOZENS of potential investers and lenders across the WORLD. As a result, Omarr, Tyka and Alfred executed a term sheet and purported to bind the Estate.


One of the heirs has sued Comerica for 10 billion???

Yikes!



What does this mean?


Welcome to "the org", Mumio…they can have you, but I'll have your love in the end nod
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Reply #82 posted 04/16/19 9:48am

ISaidLifeIsJus
tAGame

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Mumio said:

ISaidLifeIsJustAGame said:



The heirs are asking the Judge to permanently limit Comerica's powers.


In Comerica's heavily redacted response they state:


"Just within the 6 last months, we have honored the wishes of Heirs in connection with modifying prominent television commercial for the NCAA Final Four, moving the urn containing Prince’s remains from public View, purchasing sound and light system at Paisley Park, securing an agreement t0 honor Prince at an anticipated major Minneapolis development, directing the development 0f NPG merchandise specifically requested by Heirs, and agreeing to provide the Heirs gratis use of Paisley Park for a concert they have proposed."

Comerica also alleges that this motion was filed by the heirs as part of a scheme by Michael Lythcott and Gregg Walker to take control of the assets of the Estate.

Comerica alleges Lythcott and Walker provided confidential documents to DOZENS of potential investers and lenders across the WORLD. As a result, Omarr, Tyka and Alfred executed a term sheet and purported to bind the Estate.


One of the heirs has sued Comerica for 10 billion???

Yikes!



What does this mean?




A term sheet an agreement before the final contract is signed.
If you recall P allegedly signed a term sheet for Jay-Z (RocNation) for his music.

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Reply #83 posted 04/16/19 2:19pm

laytonian

ISaidLifeIsJustAGame said:



The heirs are asking the Judge to permanently limit Comerica's powers.


In Comerica's heavily redacted response they state:


"Just within the 6 last months, we have honored the wishes of Heirs in connection with modifying prominent television commercial for the NCAA Final Four, moving the urn containing Prince’s remains from public View, purchasing sound and light system at Paisley Park, securing an agreement t0 honor Prince at an anticipated major Minneapolis development, directing the development 0f NPG merchandise specifically requested by Heirs, and agreeing to provide the Heirs gratis use of Paisley Park for a concert they have proposed."

Comerica also alleges that this motion was filed by the heirs as part of a scheme by Michael Lythcott and Gregg Walker to take control of the assets of the Estate.

Comerica alleges Lythcott and Walker provided confidential documents to DOZENS of potential investers and lenders across the WORLD. As a result, Omarr, Tyka and Alfred executed a term sheet and purported to bind the Estate.


One of the heirs has sued Comerica for 10 billion???

Yikes!



I read the article on https://theblast.com/prin...]The Blast and didn't see anything about $10 billion -- but found it in Comerica's excellent rebuttal http://www.mncourts.gov/m...9.pdf]HERE. Who'd sue for $10 billion? One of the two older men who seem to share mental illnesses.

BUT, it's hilarious that the heirs are complaining about legal fees when they've been suing each other and any ass they can find for the past three years.

TAO are suddenly the greedy ones in league with L&W?

Interesting that only $31 million in estate taxes (plus interest) are still due. The estate was initially estimated at $100-$300 million (with 51% due to estate taxes), which would be $51-$153 million due.

As for my comments about Jay-Z sniffing around, he was in receipt of some interesting court documents....but there's so many filings, I cannot go back to find it and have no search capability.


[Edited 4/16/19 14:40pm]

Welcome to "the org", laytonian… come bathe with me.
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Reply #84 posted 04/16/19 2:37pm

PennyPurple

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ISaidLifeIsJustAGame said:

Mumio said:


What does this mean?




A term sheet an agreement before the final contract is signed.
If you recall P allegedly signed a term sheet for Jay-Z (RocNation) for his music.

So Omarr, Tyka and Alfred tried to make a deal without CoAmerica knowing about it? They are trying to sell stuff off?


Never expected any of that from the 2 younger ones. sad confused



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Reply #85 posted 04/16/19 4:51pm

Deadflow3r

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luv4u said:

laytonian said:

I think Jay-Z's sniffin' around.

And you know this how?

When Prince died I had hoped another entertainer with deep pockets would get involved. I was thinking Salma Hayek since she knew Prince and she and her husband could afford to have money tied up for a long while. I don't have a problem with Jay-Z either. I think he would look at it not only as a profit for himself but also as doing something that would make Prince fans proud.

There came a time when the risk of remaining tight in the bud was more painful than the risk it took to blossom. Anais Nin.
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Reply #86 posted 04/16/19 5:09pm

ChocolateBox31
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Deadflow3r said:

luv4u said:

And you know this how?

When Prince died I had hoped another entertainer with deep pockets would get involved. I was thinking Salma Hayek since she knew Prince and she and her husband could afford to have money tied up for a long while. I don't have a problem with Jay-Z either. I think he would look at it not only as a profit for himself but also as doing something that would make Prince fans proud.

fp4apg.jpg

"That mountain top situation is not really what it's all cracked up 2 B when eye was doing the Purple Rain tour eye had a lot of people who eye knew eye'll never c again @ the concerts.just screamin n places they thought they was suppose 2 scream."prince
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Reply #87 posted 04/16/19 9:06pm

ISaidLifeIsJus
tAGame

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ChocolateBox3121 said:

Deadflow3r said:

When Prince died I had hoped another entertainer with deep pockets would get involved. I was thinking Salma Hayek since she knew Prince and she and her husband could afford to have money tied up for a long while. I don't have a problem with Jay-Z either. I think he would look at it not only as a profit for himself but also as doing something that would make Prince fans proud.

fp4apg.jpg



Just quit. stoned stoned R Kelly is looking for ya on another thread.

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Reply #88 posted 04/16/19 9:33pm

onlyforaminute

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ISaidLifeIsJustAGame said:



Kinda off topic...but to those who say P should have had a will....Tom Petty had a Trust and named his wife as the Trustee, and his two daughters from a prior marriage to have equal participation. They are now duking it out in Probate court over release of music, and other matters.


https://variety.com/2019/...203180081/




So there ya go.




Honestly at this point do we see anyone that he really could have laid this into their lap without dictating evsry single dstail to and they kesp their head and handle it?
Time keeps on slipping into the future...


This moment is all there is...
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