A Delaware judge has ruled that a lawsuit brought by former business advisers of the late musician Prince against two of his siblings and other heirs over his estate can move forward. The judge also determined that an agreement attempting to replace the advisers as managers of a limited liability company was invalid.
The dispute stems from Prince’s death in 2016, during which he had no will, resulting in his six siblings inheriting equal interests in his estate. Three siblings transferred their interest to Prince Legacy LLC, appointing the plaintiffs, L. Londell McMillan and Charles Spicer Jr., as managing members. However, one of Prince’s sisters, Sharon Nelson, later sought to remove McMillan and Spicer, leading to the legal battle.
Chancellor Kathaleen St. Jude McCormick ruled in favor of the plaintiffs, stating that the initial LLC agreement remains valid and that McMillan and Spicer are still the managing members. The judge also allowed the plaintiffs to pursue claims that the defendants breached the agreement by attempting to amend it without authorization.
The lawsuit involves disagreements among Prince’s siblings and half-siblings, with accusations of improper management decisions and fraud. The legal battle over Prince’s estate, now valued at approximately $156 million, has been ongoing for several years. The ruling allows the case to proceed, shedding light on the complex and contentious issues surrounding the iconic musician’s estate.
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