Will Botwin and Coran Capshaw at Red Light management have been tapped to guide, advise and execute the Tom Petty estate following the resolution of litigation between Petty’s heirs.

Petty’s widow Dana Petty and his two daughters, Adria and Annakim Petty have resolved their differences and dismissed all litigation matters related to the estate.

In a joint statement, the trio announced: “We are pleased to announce the formation of Tom Petty Legacy LLC to manage all aspects of Tom’s Legacy. We are committed to honoring Tom’s voice, music, integrity and his charitable spirit.” 

Each member of the family will have equal standing in Tom Petty Legacy LLC and will work together on all future endeavors.