Journeyscurrent stadium tourwith Def Leppard became a little less awkward Thursday as band matesJonathan CainandNeal Schonreached a legal solution in their court battle involving the groups credit card.
Back in November 2022,Schon sued Cain, saying he refused to give him access to the groups American Express card and its records.
Cain, in turn, accused Schon of running up enormous personal charges on the bands credit card account due to tremendous financial pressure as a result of his excessive spending.
Jonathan Cain and Neal Schon of JourneyKevin Mazur/Getty Images for iHeartMedia
Neal has always had access to the credit card statements; what he lacks and what he is really seeking is the ability to increase his spending limits, Cain said at the time; both Cain and Schon own a 50-percent stake in the bands touring company Freedom 2020, resulting in a deadlock between the two.
Despite this long-festering legal issue as well asa since-withdrawn lawsuitagainst the pairfiled by former singer Steve Perryover some Journey hits copyrightsandSchonscease-and-desist against Cain to prevent Journeys music from playing at Trump rallies the band didnt let thelawsuitimpact matters onstage, as Journey continued to tour together amid the courthouse battle.
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However, after independent arbitration failed and a September trial loomed, a resolution finally came Thursday when a Delaware Chancery Court judge appointed a third director to Freedom 2020, with former Vice Chancellor Joseph Slights now serving as Custodian.
Mr. Schon is prohibited from unilaterally acting on behalf of the Company and all future deadlock between Mr. Cain and Mr. Schon will be broken by the vote of the Custodian, a rep for Cain said in a statement toRolling Stone.
Mr. Cain is elated with the outcome and looks forward to moving beyond this matter so that Journey can continue the bands 50th Anniversary Freedom Tour.
