Dexter Scott King released the following statement Friday regarding the lawsuit filed by his siblings against him and the King Estate:

"When there are family disputes that involve a business entity, unfortunately, sometimes certain legal steps are taken to resolve the dispute. I'm disappointed that our personal family disagreement, as it relates to the family business, has evolved into being handled in a public legal forum. It is my hope that this inappropriate and false claim by my siblings will be swiftly resolved and we can go about the business of focusing on our parents' tremendous legacy."