Lawsuit Over Control of Half of Prince's Estate Heads to Court

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ICARO Media Group
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06/07/2024 17h17

Over eight years after the death of the iconic musician Prince, and nearly two years after the conclusion of a lengthy legal battle over his estate, a new lawsuit is emerging over the control of 50 percent of his estate. In January, L. Londell McMillan, Prince's former attorney, and Charles Spicer Jr., who represented three of the singer's six sibling heirs, filed a lawsuit against four members of Prince's family. The lawsuit, filed in Delaware, accuses the defendants of attempting to gain control over an LLC that was established in 2022 to handle the 50 percent stake in Prince's estate.

The judge presiding over the case has refused the defendants' attempts to dismiss the lawsuit, signaling another legal battle over Prince's estate. Following the singer's death in April 2016 without a will, his estate was divided equally among his six siblings and half-siblings. Two of them have since passed away, adding another layer of complexity to the ongoing legal saga.

According to the lawsuit, McMillan and Spicer claim that Sharon Nelson, Prince's half-sister who they previously represented in the estate battle, attempted to remove them from their managerial roles in Prince Legacy LLC. The formation of this LLC occurred after the Internal Revenue Service valued Prince's estate at $156 million, a ruling that was expected to bring the courtroom drama to an end. However, the lawsuit alleges that Sharon Nelson later tried to amend the LLC agreement to exclude McMillan and Spicer as managers.

The judge's recent decision supports the claims made by McMillan and Spicer, stating that Sharon Nelson lacked the authority to modify the LLC agreement without proper authorization. Meanwhile, the lawsuit also sheds light on Sharon Nelson's actions to exert control over Prince's Paisley Park residence-turned-museum. She reportedly attempted to replace the entire staff at Paisley Park with individuals of her choosing and take charge of the venue, albeit unsuccessfully.

It is important to note that this lawsuit solely focuses on the 50 percent share of Prince's estate, as three of the heirs had previously sold their stakes to music management group Primary Wave shortly after Prince's passing. The portion owned by Primary Wave is not involved in the current legal proceedings.

As the legal battle over Prince's estate continues to unfold, music fans and legal experts alike anxiously await the outcome. The resolution of this lawsuit may provide further clarity and closure to a saga that has spanned over a decade since the music legend's untimely death.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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