Prince's Estate Management Faces Legal Dispute

Advisors L. Londell McMillan and Charles Spicer file lawsuit against family members alleging attempts to oust them and sell shares, disrupting the estate's balance.

• Advisors L. Londell McMillan and Charles Spicer have filed a lawsuit against Prince's half-sisters Sharon and Norrine Nelson, and his niece and nephew Breanna and Allen Nelson, alleging that they are attempting to oust them from the estate management holding company, Prince Legacy LLC.
• The lawsuit claims that Sharon and Breanna Nelson attempted to sell their shares to Primary Wave, which would disrupt the current 50-50 divide of the Prince estate.
• McMillan and Spicer argue that the Nelsons lack the necessary business and management experience to effectively manage the estate and that their actions could cause irreparable harm to the company's goodwill, existing relationships, and revenue streams.
• Sharon Nelson allegedly made verbal legal threats in an attempt to force McMillan and Spicer to step down.
• McMillan and Spicer are seeking an injunction to block any changes to the business' bylaws.

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