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Tom Petty’s Daughters Suing His Widow for $5 Million for ‘Theft and Gross Mismanagement’ of the Household Enterprise

Tom Petty’s Daughters Suing His Widow for $5 Million for ‘Theft and Gross Mismanagement’ of the Family Business

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Tom Petty’s Daughters Suing His Widow for $5 Million for ‘Theft and Gross Mismanagement’ of the Household Enterprise






© (Picture by Rob Grabowski/Invision/AP)
Tom Petty

Tom Petty‘s two daughters at the moment are suing his widow for allegedly mismanaging the late rocker’s companies and so they consider she has price the corporate over $5 million.

Petty Limitless was set as much as handle Petty’s affairs after his loss of life and was purported to be run by his daughters, Adria and Annakim, and his widow, Dana Petty.

Based on court docket paperwork obtained by The Blast, Petty Limitless claims that Dana and others have breached their fiduciary duties to the corporate by withholding sure belongings and diverting them to a different firm she arrange.

They declare Dana has arrange a competing firm, Tom Petty Legacy LLC., which has interfered with their work and gone towards their father’s needs.



Tom Petty of Tom Petty And The Heartbreakers.


© Mark Horton/Getty Photos for ABA
Tom Petty of Tom Petty And The Heartbreakers.


The lawsuit claims, “As direct and proximate reason behind Defendant Dana York Petty ‘s usurpation of Plaintiff s enterprise alternatives as alleged herein, Plaintiff has suffered and continues to endure harm in an quantity in extra of $5 million, in accordance with proof at trial.”

As The Blast first reported, Dana filed paperwork final month requesting that each one “vital selections” require consensus between her and Petty’s daughters as a result of majority voting would enable for the 2 daughters to exert their will over her.

In her petition, Dana claims “she has gone above and past to hunt to work cooperatively with Tom’s daughters” however they’ve made that troublesome.

“Though Petitioner did every part in her energy to deal with Adria and Annakim as household,” she writes, “sadly, they, and particularly Adria, have repeatedly demonstrated their resentment over their father’s love of Petitioner and her position in his life.” 

Associated slideshow: Tom Petty’s life and profession in footage (through Picture Providers) 



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