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Thread started 07/06/24 2:08am

FrankieCoco1

Delaware judge refuses to dismiss lawsuit in battle over estate of the late pop icon Prince

https://abcnews.go.com/am...-111705487

A Delaware judge has refused to dismiss a lawsuit filed by former business advisers to the late pop music icon Prince against two of his siblings and other heirs in a dispute over his estate.

The judge on Friday also agreed with plaintiffs L. Londell McMillan and Charles Spicer Jr. that an agreement purporting to replacing them as managers of a limited liability company established by three siblings was invalid.
There may or may not be something coming!
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Reply #1 posted 07/06/24 5:12am

nayroo2002

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Thanks for the link!

Here's the 411,though:

"The lawsuit alleges among other things that Sharon improperly tried to insert herself into management decisions and once demanded that the entire staff of the Paisley Park Museum in Minnesota be replaced. She also accused McMillan and Spicer of fraud and tried to sell her interests in Prince Legacy without the required consent of the other members.

The lawsuit is part of a long and convoluted legal battle involving both the size and the beneficiaries of Prince’s estate. In 2022, nearly six years after his death, the Internal Revenue Service and the administrator of the estate agreed to end a court battle and value the estate at roughly $156 million."

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we all need 2 b friends"
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Reply #2 posted 07/06/24 9:34am

AZStreet

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Why was it filed in Delaware?
"You know, this is funky but I wish he'd play like he used to, old scragglyhead son of a...*smack* OOH!"

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Reply #3 posted 07/06/24 11:41am

ElGorillos

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AZStreet said:

Why was it filed in Delaware?



"To hold their collective interests, Sharon, Norrine, the Trust, McMillan, and
Spicer (each, a “Member”) formed Prince Legacy (or the “Company”) a Delaware
limited liability company.".

Source - L. Londell McMillan et al. v. Sharon Nelson et al. - 07/05/2024:

https://courts.delaware.gov/Opinions/Download.aspx?id=366220

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