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Tom Petty Estate Resolves Legal Dispute Over Auction Items Family Believed Were Stolen – Update

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UPDATED, 11:20 AM: Tom Petty‘s estate has “resolved without litigation” a legal matter with an auction house over the planned sale of memorabilia from the late rock legend that his family initially believed had been stolen. “The Petty family is grateful that RR Auction facilitated the safe return of the items, which have been returned to the Petty family’s secure archives, and there is currently no belief RR Auction committed or knew of any wrongdoing regarding the disputed ownership of the items,” the statement reads. “To show their gratitude, the family has agreed to a select few of the belongings to be offered for auction through RR Auction.

The family supports the upcoming sale and verifies the authenticity of the items to be offered.” Read details of the case below. PREVIOUSLY, May 24: An attorney for an auction house planning to put items from rocker Tom Petty on the block has said it will investigate claims by his family that the items were stolen.

Mark S. Zaid told TMZ that RR Auction has been cooperating wth the Petty family “from the moment they reached out to us just days ago and will happily continue to do so without unnecessary hostile threats of litigation.

We take theft allegations such as these very seriously. Indeed, in the years I have represented the company, we have never failed to reach an amicable resolution when on the rare occasion items presented by our consignors turned out to have provenance concerns.” The RR Auction house was planning an auction of personal property of Petty’s.

Read more on deadline.com
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