DOVER, Del. — A Delaware judge has refused to dismiss a lawsuit filed by former business advisers to the late pop music icon Prince against two of his siblings and other heirs in a dispute over his estate.
The judge on Friday also agreed with plaintiffs L. Londell McMillan and Charles Spicer Jr. that an agreement purporting to replacing them as managers of a limited liability company established by three siblings was invalid.
Prince died of an accidental fentanyl overdose in 2016. He had no will, and his six siblings inherited equal interests in the estate.
Three of them assigned their combined 50% interest to Prince Legacy LLC. They also granted McMillan and Spicer each a 10% interest in Prince Legacy, along with broad and exclusive management authority.
One sister, Sharon Nelson, later regretted the decision and led an effort to remove McMillan and Spicer as managing members by amending the LLC agreement.
Chancellor Kathaleen St. Jude McCormick ruled that the terms of the initial LLC agreement are unambiguous and that they prohibit the defendants' attempts to amend it. She said the agreement remains in effect and McMillan and Spicer remain as managing members.
''As a matter of contract law, this is the only reasonable interpretation,'' the judge wrote.
McCormick also ruled that the plaintiffs can pursue a claim that the defendants breached the LLC agreement by acting without authorization to amend it and remove McMillan and Spicer.