Bet Londell is pissed. | |
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The Judge has ruled that neither Londell or Van can be appointed co-Representatives, and further ruled that unless the heirs can agree on an individual he will not appoint another. The Judge also stated "...the Court also notes that Mr. McMillan and Mr. Koppelman have been a 'lightening rod' for disputes that have erupted during the administration of the Estate regarding the Tribute Concert and newly negotiated music or merchandising agreements. The Court is concerned about continued disagreements and conflict of interest regarding Mr. McMillan's compensation for these music and merchandising agreements and his role as a co-personal representative." Kaboom!!
Edit: My typing sux
[Edited 1/24/17 10:45am] [Edited 1/24/17 10:45am] [Edited 1/24/17 10:46am] | |
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The below link should paint a more accurate representation of the facts concerning Phaedra's request. You need a drop box codekey. Scroll down to the "exhibits" pages for the goods.
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I think this is what she was after.
The California Code Does Not Authorize An Inspection Action in Minnesota In paragraph 20 of the Petition, it asserts “Petitioner has the right to inspect and copy records of NPG Music pursuant to Cal. Corp. Code §17713.13(d) (Deering 2016).” That statute does not support the request.
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In regards to point #10, Published reports state that WB, Universal and Sony are the three labels bidding on the masters. All set up by McMillan and Koppelman. | |
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ISaidLifeIsJustAGame said: The Judge has ruled that neither Londell or Van can be appointed co-Representatives, and further ruled that unless the heirs can agree on an individual he will not appoint another. The Judge also stated "...the Court also notes that Mr. McMillan and Mr. Koppelman have been a 'lightening rod' for disputes that have eruped during the administration of tghe Estate reatding the Tribute Concert and newly negotiated music or merchandising agreements. The Court is concerned about continued disagreements and conflict of interest regarding Mr. McMillan's compenstation for these music and merchandising agreements and his role as a co-personal representative." Kaboom!!
[Edited 1/24/17 10:45am] [Edited 1/24/17 10:45am] -/I hope the judge makes him give back his ill gotten gains. I cannot imagine that he thought he would be allowed to continue on. He was like Patrick Cousins's evil twin. Now people can stop saying Prince was paranoid for no reason. | |
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Are you talking about documents that Phaedra wants to inspect or are you talking about the documents the Special Adminstrator wants from Phaedra. | |
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Menes said:
In regards to point #10, Published reports state that WB, Universal and Sony are the three labels bidding on the masters. All set up by McMillan and Koppelman. --I am sure Tyka and Omarr do not want to sell the masters and over time the family could make a lot of money if they find someone to work with them to release the music. Why was Londell so quick to sell everything instead of licencing the material out or just doing what Susan Rogers said and setting up a steaming subscription service. So many ways to make money with out selling. | |
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Where is that document? | |
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I thought this was the document he was going to sign. He mustve changed his mind . Strange.
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Its a document that was filed today under January 20, 2017. The "Proposed Order" is not written by the Judge. They are filed by individual attorneys for the party they are representing.
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Prince hit the jackpot on this. Could it be any more contentious? No wonder he kept the family at arm's length. | |
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1Sasha said: Prince hit the jackpot on this. Could it be any more contentious? No wonder he kept the family at arm's length. If he had a will and left the whole thing to his sibs the vault would have been sold be now for peanuts. The older sibs are siding with a greedy bastard who was trying to line his pockets. [Edited 1/24/17 11:44am] | |
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Welcome to "the org", Mumio…they can have you, but I'll have your love in the end | |
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Got it. | |
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Um, wasn't Londell the one tweeting that the selling of the Vault wasn't true? Yet, it's rumored he's the one who was trying to sell the Vault? | |
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1Sasha said: Van Jones and Londell are out as personal reps, per the judge. That's a good thing. The estate needs a neutral party overseeing this. Preferably someone who has experience managing music, licensing and merchandising rights. Paisley Park is in your heart
#PrinceForever 💜 | |
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Hello, Irving Azoff, tell us whom to use ... | |
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The Judge said they really didnt need a co-representative. He expects Comerica will make communication with the heirs a high priority. He also stated "...the focus of Comerica can hopefully be more refined than could that of Bremer Trust which walked into personal and corporate mayhem where Decedent's personal and business affairs were in disarray, a criminal investigation was being undertaken, assets and records were voluminous and scattered, and numerous monetary and heirship claims were about to cascade upon them. Hopefully, communication with the heirs can be achieved more easily at this time."
[Edited 1/24/17 13:07pm] | |
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I wonder if he remembered everything that he had? That's a lot of stuff. | |
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ISaidLifeIsJustAGame said: The Judge said they really didnt need a co-representative. He expects Comerica will make communication with the heirs a high priority. He also stated "...the focus of Comerica can hopefully be more refined than could that of Bremer Trust which walked into personal and corporate mayhem where Decedent's personal and business affairs were in disarray, a criminal investigation was being undertaken, assets and records were voluminous and scattered, and numerous monetary and heirship claims were about to cascade upon them. Hopefully, communication with the heirs can be achieved more easily at this time."
[Edited 1/24/17 13:07pm] --These statements kill me dude had no debt and loads of assets. The idiot attorneys and bank ran up 2mill in bills and allowed Londell to make deals that benefitted himself. The disarray started as soon as Breamer and Londell got on the scene. Perhaps the bank can find a reputable entertainment law firm to actually get some work done. | |
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Menes said:
I wonder if he remembered everything that he had? That's a lot of stuff. Breamer was his bank. How hard could it have been for them and the heir ship claims are all bogus. The debts were caused by Breamer with the canceling of events at Paisly Park and those people may get nothing if their was no act of God clause in their contracts with Prince or just a hand shake deal. | |
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What I do find a bit interesting was the "cash on hand". It really wasn't a lot. How was he paying all of those bills, expenses , etc? | |
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Rich people don't keep a lot of cash on hand. Banks pay almost nothing in interest and cash really isn't worth a whole lot over time. Prince was smart to have his money in hard assets. | |
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Not to start an invesment debate but, Thats a very broad statement as in "rich people don't"... I do happen to know a few individuals who are wealthy and asset allocation always included a lot of cash on hand, nowithstanding the interest rate.It is the safety net of investments.How much cash equivalents do you think Warren Buffet has ? What is the reason for him having all of that cash? | |
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Menes said:
Not to start an invesment debate but, Thats a very broad statement as in "rich people don't"... I do happen to know a few individuals who are wealthy and asset allocation always included a lot of cash on hand, nowithstanding the interest rate.It is the safety net of investments.How much cash equivalents do you think Warren Buffet has ? What is the reason for him having all of that cash? The taxes can eat you alive and Prince was old school he had safe investments and for someone who did not sell ace hole lot of record anymore he doing good. | |
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Menes said:
What I do find a bit interesting was the "cash on hand". It really wasn't a lot. How was he paying all of those bills, expenses , etc? He had money in his corporations. I would think bills would be paid out of corporate accounts. | |
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"I used to sing it in the shower" The crazy just never seems to end, does it: http://www.mncourts.gov/m...aim_12.pdf Welcome to "the org", Mumio…they can have you, but I'll have your love in the end | |
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Welcome to "the org", Mumio…they can have you, but I'll have your love in the end | |
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New claim poster for $100M by a person claiming to have created the fisrt half of the song Purple Rain while showering. Really?
Some, if not most of these claims are just disgusting at this point.
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