A federal lawsuit filed in New York alleges that Amy Helm caused two million dollars in damages to Levon Helm Studios during her tenure as president from 2017 to 2026. The legal action claims financial mismanagement occurred, including unauthorized self-dealing transactions conducted for her own benefit. According to court filings, the studio also alleges that she infringed on the Midnight Ramble trademark by establishing a separate entity under the name Helm Family Midnight Ramble.

Beyond financial allegations, the lawsuit details an altercation involving Sandra Helm and Brian Parillo, a musician and studio shareholder. Documentation provided to the court indicates a confrontation where Amy allegedly berated Sandra and physically shoved Parillo. While police were called to the scene at the time, no formal charges resulted from the incident.

Amy Helm has publicly denied the allegations, characterizing them as a smear campaign and extortion attempt. In a statement, she described the legal filings as a spin and accused Parillo of orchestrating the situation for publicity. The studio maintains that its legal action is necessary to honor the legacy of Levon Helm and address unfulfilled obligations to employees and ticketholders. The case remains active in the federal court system.