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Artist News Business News Legal
Tom Petty’s wife and daughters reach settlement over estate management
By Andy Malt | Published on Thursday 19 December 2019
Tom Petty’s widow Dana Petty and his two daughters from his first marriage, Adria and Annakim Petty, have announced that they have reached a settlement in their dispute over the running of the late musician’s estate.
A statement confirming that both sides have now dismissed all legal action in relation to the dispute also says that “each of them sincerely regrets that in their intense grief over Tom’s tragic death, actions were taken that were hurtful to one another”.
All three will now have an equal share in the company set up to administer Petty’s estate – Tom Petty Legacy LLC – which will be managed day-to-day by Will Botwin and Coran Capshaw of Red Light Management.
“We are pleased to announce the formation of Tom Petty Legacy, LLC to manage all aspects of Tom’s Legacy”, say Dana, Adria and Annakim in their joint statement. “We are committed to honouring Tom’s voice, music, integrity and his charitable spirit”.
The dispute went legal in April, when Dana Petty filed a petition with the LA County Court arguing that Adria and Annakim were making the management of the musician’s estate impossible, including scuppering deals with labels over posthumous releases.
Adria then responded with her own petition, claiming that Dana was attempting to push her and her sister out of key decisions.
