Tom Petty's daughters are suing his widow for $5 million USD

News 20/05/2019

Late rockstar Tom Petty's two daughters are suing his widow, Dana Petty, for allegedly mismanaging the singer's estate. 

According to court documents, Adria and Annakim, believe their former stepmother had cost them more than $5 million USD. 

After Tom Petty's accidental overdose in 2017, a company called 'Petty Unlimited' was set up to manage his affairs. The company is now reportedly claiming that Dana and others have withheld certain assets and diverted them to another cpmpany she set up called 'Tom Petty Legacy LLC'.

Tom's final wishes have been at the centre of the conflict, being interpreted differently by both parties. According to sources, Dana was named as trustee, with each of Tom's daughters entitled to "equal participation" in decisions. Adria and Annakim have interpreted this to mean that they get two votes out of three, giving them majority control. Dana does not agree.

This isn't the first time the trio have had conflict: just last month, a legal battle between the two parties blocked the release of a 'Wildflowers' boxed set that had been planned to celebrate the album’s 25th anniversary.

In documents filed in April this year, Dana claimed that the daughters "repeatedly demonstrated their resentment" toward her, while singling out Adria for “erratic behavior" that "made it exceedingly — and increasingly — difficult to carry on business."

Dana's attorney has released a statement in response to the latest lawsuit, saying: "This misguided and meritless lawsuit sadly demonstrates exactly why Tom Petty designated his wife to be the sole trustee with authority to manage his estate. Dana will not allow destructive nonsense like this to distract her from protecting her husband’s legacy."