Lawsuits involving the widow and daughters of the late Tom Petty and his estate have been dropped.
According to The Blast, new legal documents show Dana York Petty and Adria and Annakim Petty have “entered into a settlement” regarding Tom Petty’s estate.
The legal issues began in April when Dana York Petty petitioned Los Angeles County court requesting they create an agreement to appoint a manager of the estate. She also requested that all decisions pertaining to the estate must require a consensus to prevent Adria and Annakim from having a complete override of any decisions.
That petition was followed by Adria filling her own petition with the court stating Dana was not abiding by two wishes from her father’s will, which included giving her and Annakim equal say in estate decisions and to establish and transfer all “artistic properties” into a limited liability company (LLC). The LLC would then be equally operated by the three women.
Each opposing party accused the other of preventing various things from happening. Dana accused Adria and Annakim of preventing the release of new solo tracks that would be added to a 25th-anniversary edition of the album Wallflowers. Dana’s petition claimed by doing this, the estate lost out on a $1 million deal with Warner Bros. Records.
Adria and Annakim then filed a $5 million lawsuit against Dana in May for “usurpation of…business opportunities.”
Details of the settlement are not currently known.