fortuneandserendipity said:

Mumio said:

Phatphuk, is that you again?

Phatphuk is fat! and he's totally ok with it. I remember kidding him over scoffing something or other at Paisley Park and he was cool. His unique presence is missed, make no mistake!

You might very well be the ONLY person on the org who misses him. Make no mistake, my comment wasn't meant as a compliment.

ISaidLifeIsJustAGame said:

nelcp777 said:

Thank you very much for this.

Legally, what is the advantage of doing this?

It could mean many things....

It is rare that a claim is stayed though.

I wish I could give you a better answer.

You have been more than alot, I can't thank you enough.

Mkilpatrick74 said:

nelcp777 said:

--Do we know were the story came from that Tkya gave the judge two names.

Why do you think it would be set up years ago? Is the working papers part of this?

I am just trying to stimulate discussion.

I agree the child would not be part of the Estate DNA testing. But I would think that would simplify the Estate heirs. However, Laura made a good arguement about the trust could have limitations or restrictions.

But, why create only a trust, even years ago and not finish the entire estate planning?

And if a trust was made, why does Tyka have to provide names? The trust in itself would have the names. ] As private as he was I could totally see him setting up a trust for children perhaps conceived during his marriage or from possible one night stand. I could see him using to provide for child also protect his privacy

[Edited 3/7/17 23:53pm]

Folks waiting with bated breathe about those 2 names. I think we'll know when everything is all done with.

pg 45 Sounds like "Somebody Please Please Tell What The H... Has Gone Wrong"!

Astasheiks said:

pg 45 Sounds like "Somebody Please Please Tell What The H... Has Gone Wrong"!

On which document? It looks like Tyka and Omarr do not want the other sibs attorney's paid if they did work that benefited the sibs and not the estate. If they all worked togeher instead of them each having their own attorneys they would have saved a lot of money and time.

They have, from what I have heard, never worked together. There have always been two factions. It is ridiculous to waste money on these matters. Egos should have been checked at the door, along with the "he was MY brother, not yours, you didn't even know him" line of thinking.

1Sasha said:

Agree with both of you. Enough. Just enough.

The Special Administrator has filed an Objection to the Petition of Roc Nation

and Supplemental Petition of Project Panther, Aspiro, and Wimp Music.

-The Estate is aruging when Roc Nation filed their claim in November 2016 they never mentioned a claim by Project Panther.

-On February 16, 2017, Project Panter, Aspiro, and Wimp Music filed a claim and/or petition to file a supplemental existing claim for breach of representations and warranties.

-The Estate is arguing that the February 16, 2017 claim should be dismissed as it was not filed

within 4 months of the Estate's Notice to Creditors, and that Roc Nation's original claim did not state breach of representations and warranties.

-Roc Nation's original claim alleged they had exclusive right to stream Prince's entire catalogue

of music, with certain limited exceptions. The Estate argues they have not been provided written

evidence of this exclusive right.

-Roc Nation also argues (in part) that their claim is based upon the Letter of Intent.

-The Estate argues the Letter of Intent gave Roc Nation exclusive license to stream Hit and

Run: Phase I for 90 days and after the expiration of 90 days, a non-exclusive license.

-The Estate argues that NPG fully performed its obligations of the Letter of Intent.

-Roc Nation then argues the Artist Equity Term Sheet dated July 19, 2015 was accepted by Phaedra on behalf of Prince.

-The Estate is questioning the validity of the purported argeement.

-The Estate argues whether Prince accepted the Artist Equity Term Sheet or whether

Phaedra has the legal authority to accept the agreement on his behalf.

-The Estate also questions whether the Term Sheet was performed; whether it survived

the written notice of termination; and whether it superseded the Letter of Intent.

Amen.

ISaidLifeIsJustAGame said:

ISaidLifeIsJustAGame said:

The Special Administrator has filed an Objection to the Petition of Roc Nation

and Supplemental Petition of Project Panther, Aspiro, and Wimp Music.

-The Estate is aruging when Roc Nation filed their claim in November 2016 they never mentioned a claim by Project Panther.

-On February 16, 2017, Project Panter, Aspiro, and Wimp Music filed a claim and/or petition to file a supplemental existing claim for breach of representations and warranties.

-The Estate is arguing that the February 16, 2017 claim should be dismissed as it was not filed

within 4 months of the Estate's Notice to Creditors, and that Roc Nation's original claim did not state breach of representations and warranties.

-Roc Nation's original claim alleged they had exclusive right to stream Prince's entire catalogue

of music, with certain limited exceptions. The Estate argues they have not been provided written

evidence of this exclusive right.

-Roc Nation also argues (in part) that their claim is based upon the Letter of Intent.

-The Estate argues the Letter of Intent gave Roc Nation exclusive license to stream Hit and

Run: Phase I for 90 days and after the expiration of 90 days, a non-exclusive license.

-The Estate argues that NPG fully performed its obligations of the Letter of Intent.

-Roc Nation then argues the Artist Equity Term Sheet dated July 19, 2015 was accepted by Phaedra on behalf of Prince.

-The Estate is questioning the validity of the purported argeement.

-The Estate argues whether Prince accepted the Artist Equity Term Sheet or whether

Phaedra has the legal authority to accept the agreement on his behalf.

-The Estate also questions whether the Term Sheet was performed; whether it survived

the written notice of termination; and whether it superseded the Letter of Intent.

Amen.

Interesting. Though I don't really understand what the real issue is. Doesn't look like Roc Nation did anything salacious. Looks like wires got crossed. But then I don't know.

morningsong said: