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Forums > Prince: Music and More > The Estate Discussion - Part 6 - Continued
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Reply #1350 posted 03/08/17 6:43am

Mumio

avatar

fortuneandserendipity said:

Mumio said:



Phatphuk, is that you again? confused

Phatphuk is fat! and he's totally ok with it. I remember kidding him over scoffing something or other at Paisley Park and he was cool. His unique presence is missed, make no mistake!


You might very well be the ONLY person on the org who misses him. Make no mistake, my comment wasn't meant as a compliment.


Welcome to "the org", Mumio…they can have you, but I'll have your love in the end nod
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Reply #1351 posted 03/08/17 9:14am

nelcp777

ISaidLifeIsJustAGame said:

nelcp777 said:

Thank you very much for this.

Legally, what is the advantage of doing this?

It could mean many things....

It is rare that a claim is stayed though.

I wish I could give you a better answer.

You have been more than alot, I can't thank you enough.

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Reply #1352 posted 03/08/17 5:04pm

morningsong

Mkilpatrick74 said:

nelcp777 said:

--Do we know were the story came from that Tkya gave the judge two names.

Why do you think it would be set up years ago? Is the working papers part of this?

I am just trying to stimulate discussion.

I agree the child would not be part of the Estate DNA testing. But I would think that would simplify the Estate heirs. However, Laura made a good arguement about the trust could have limitations or restrictions.

But, why create only a trust, even years ago and not finish the entire estate planning?

And if a trust was made, why does Tyka have to provide names? The trust in itself would have the names. ] As private as he was I could totally see him setting up a trust for children perhaps conceived during his marriage or from possible one night stand. I could see him using to provide for child also protect his privacy

[Edited 3/7/17 23:53pm]


Folks waiting with bated breathe about those 2 names. I think we'll know when everything is all done with.

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Reply #1353 posted 03/09/17 4:07pm

Astasheiks

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pg 45 Sounds like "Somebody Please Please Tell What The H... Has Gone Wrong"! eek razz biggrin

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Reply #1354 posted 03/09/17 4:58pm

laurarichardso
n

Astasheiks said:

pg 45 Sounds like "Somebody Please Please Tell What The H... Has Gone Wrong"! eek razz biggrin

On which document? It looks like Tyka and Omarr do not want the other sibs attorney's paid if they did work that benefited the sibs and not the estate. If they all worked togeher instead of them each having their own attorneys they would have saved a lot of money and time.

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Reply #1355 posted 03/10/17 4:17am

1Sasha

They have, from what I have heard, never worked together. There have always been two factions. It is ridiculous to waste money on these matters. Egos should have been checked at the door, along with the "he was MY brother, not yours, you didn't even know him" line of thinking.

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Reply #1356 posted 03/10/17 6:02am

laurarichardso
n

1Sasha said:

They have, from what I have heard, never worked together. There have always been two factions. It is ridiculous to waste money on these matters. Egos should have been checked at the door, along with the "he was MY brother, not yours, you didn't even know him" line of thinking.


--The thing is they all are going to inherit equal shares so having an attorney will not get you more money. At the same time Sharon should not have an attorney working on her singing career. So maybe it was good Tyka and Omarr had their own attorney since they knew how the other sibs would act.
[Edited 3/10/17 8:50am]
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Reply #1357 posted 03/10/17 7:35am

PurpleDiamonds
1

Agree with you both.
The attorney trying to start the singing career should be checked at the door.
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Reply #1358 posted 03/10/17 7:37am

1Sasha

Agree with both of you. Enough. Just enough.

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Reply #1359 posted 03/10/17 11:47am

ISaidLifeIsJus
tAGame

avatar

The Special Administrator has filed an Objection to the Petition of Roc Nation

and Supplemental Petition of Project Panther, Aspiro, and Wimp Music.

-The Estate is aruging when Roc Nation filed their claim in November 2016 they never mentioned a claim by Project Panther.

-On February 16, 2017, Project Panter, Aspiro, and Wimp Music filed a claim and/or petition to file a supplemental existing claim for breach of representations and warranties.

-The Estate is arguing that the February 16, 2017 claim should be dismissed as it was not filed

within 4 months of the Estate's Notice to Creditors, and that Roc Nation's original claim did not state breach of representations and warranties.

-Roc Nation's original claim alleged they had exclusive right to stream Prince's entire catalogue

of music, with certain limited exceptions. The Estate argues they have not been provided written

evidence of this exclusive right.

-Roc Nation also argues (in part) that their claim is based upon the Letter of Intent.

-The Estate argues the Letter of Intent gave Roc Nation exclusive license to stream Hit and

Run: Phase I for 90 days and after the expiration of 90 days, a non-exclusive license.

-The Estate argues that NPG fully performed its obligations of the Letter of Intent.

-Roc Nation then argues the Artist Equity Term Sheet dated July 19, 2015 was accepted by Phaedra on behalf of Prince.

-The Estate is questioning the validity of the purported argeement.

-The Estate argues whether Prince accepted the Artist Equity Term Sheet or whether

Phaedra has the legal authority to accept the agreement on his behalf.

-The Estate also questions whether the Term Sheet was performed; whether it survived

the written notice of termination; and whether it superseded the Letter of Intent.

Amen.

eek

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Reply #1360 posted 03/10/17 12:38pm

laurarichardso
n

ISaidLifeIsJustAGame said:

The Special Administrator has filed an Objection to the Petition of Roc Nation


and Supplemental Petition of Project Panther, Aspiro, and Wimp Music.


-The Estate is aruging when Roc Nation filed their claim in November 2016 they never mentioned a claim by Project Panther.


-On February 16, 2017, Project Panter, Aspiro, and Wimp Music filed a claim and/or petition to file a supplemental existing claim for breach of representations and warranties.


-The Estate is arguing that the February 16, 2017 claim should be dismissed as it was not filed


within 4 months of the Estate's Notice to Creditors, and that Roc Nation's original claim did not state breach of representations and warranties.


-Roc Nation's original claim alleged they had exclusive right to stream Prince's entire catalogue


of music, with certain limited exceptions. The Estate argues they have not been provided written


evidence of this exclusive right.


-Roc Nation also argues (in part) that their claim is based upon the Letter of Intent.


-The Estate argues the Letter of Intent gave Roc Nation exclusive license to stream Hit and


Run: Phase I for 90 days and after the expiration of 90 days, a non-exclusive license.


-The Estate argues that NPG fully performed its obligations of the Letter of Intent.


-Roc Nation then argues the Artist Equity Term Sheet dated July 19, 2015 was accepted by Phaedra on behalf of Prince.


-The Estate is questioning the validity of the purported argeement.


-The Estate argues whether Prince accepted the Artist Equity Term Sheet or whether


Phaedra has the legal authority to accept the agreement on his behalf.


-The Estate also questions whether the Term Sheet was performed; whether it survived


the written notice of termination; and whether it superseded the Letter of Intent.


Amen.


eek




--The women that was fired as the manager of the LLC was not able to represent Prince on NPG matters. 😳 I wonder if the estate managers every found that 3 million and if so do they think Tidal paid it for grins and giggles.
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Reply #1361 posted 03/10/17 1:32pm

morningsong

ISaidLifeIsJustAGame said:

The Special Administrator has filed an Objection to the Petition of Roc Nation

and Supplemental Petition of Project Panther, Aspiro, and Wimp Music.

-The Estate is aruging when Roc Nation filed their claim in November 2016 they never mentioned a claim by Project Panther.

-On February 16, 2017, Project Panter, Aspiro, and Wimp Music filed a claim and/or petition to file a supplemental existing claim for breach of representations and warranties.

-The Estate is arguing that the February 16, 2017 claim should be dismissed as it was not filed

within 4 months of the Estate's Notice to Creditors, and that Roc Nation's original claim did not state breach of representations and warranties.

-Roc Nation's original claim alleged they had exclusive right to stream Prince's entire catalogue

of music, with certain limited exceptions. The Estate argues they have not been provided written

evidence of this exclusive right.

-Roc Nation also argues (in part) that their claim is based upon the Letter of Intent.

-The Estate argues the Letter of Intent gave Roc Nation exclusive license to stream Hit and

Run: Phase I for 90 days and after the expiration of 90 days, a non-exclusive license.

-The Estate argues that NPG fully performed its obligations of the Letter of Intent.

-Roc Nation then argues the Artist Equity Term Sheet dated July 19, 2015 was accepted by Phaedra on behalf of Prince.

-The Estate is questioning the validity of the purported argeement.

-The Estate argues whether Prince accepted the Artist Equity Term Sheet or whether

Phaedra has the legal authority to accept the agreement on his behalf.

-The Estate also questions whether the Term Sheet was performed; whether it survived

the written notice of termination; and whether it superseded the Letter of Intent.

Amen.

eek



Interesting. Though I don't really understand what the real issue is. Doesn't look like Roc Nation did anything salacious. Looks like wires got crossed. But then I don't know.

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Reply #1362 posted 03/10/17 7:44pm

laurarichardso
n

morningsong said:



ISaidLifeIsJustAGame said:


The Special Administrator has filed an Objection to the Petition of Roc Nation


and Supplemental Petition of Project Panther, Aspiro, and Wimp Music.


-The Estate is aruging when Roc Nation filed their claim in November 2016 they never mentioned a claim by Project Panther.


-On February 16, 2017, Project Panter, Aspiro, and Wimp Music filed a claim and/or petition to file a supplemental existing claim for breach of representations and warranties.


-The Estate is arguing that the February 16, 2017 claim should be dismissed as it was not filed


within 4 months of the Estate's Notice to Creditors, and that Roc Nation's original claim did not state breach of representations and warranties.


-Roc Nation's original claim alleged they had exclusive right to stream Prince's entire catalogue


of music, with certain limited exceptions. The Estate argues they have not been provided written


evidence of this exclusive right.


-Roc Nation also argues (in part) that their claim is based upon the Letter of Intent.


-The Estate argues the Letter of Intent gave Roc Nation exclusive license to stream Hit and


Run: Phase I for 90 days and after the expiration of 90 days, a non-exclusive license.


-The Estate argues that NPG fully performed its obligations of the Letter of Intent.


-Roc Nation then argues the Artist Equity Term Sheet dated July 19, 2015 was accepted by Phaedra on behalf of Prince.


-The Estate is questioning the validity of the purported argeement.


-The Estate argues whether Prince accepted the Artist Equity Term Sheet or whether


Phaedra has the legal authority to accept the agreement on his behalf.


-The Estate also questions whether the Term Sheet was performed; whether it survived


the written notice of termination; and whether it superseded the Letter of Intent.


Amen.


eek







Interesting. Though I don't really understand what the real issue is. Doesn't look like Roc Nation did anything salacious. Looks like wires got crossed. But then I don't know.


Well good luck with filing a claim late as a reason to dismiss since the court let all sorts of other crazy claims file past claim date why would it be a problem for Roc Nation.
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Forums > Prince: Music and More > The Estate Discussion - Part 6 - Continued