Journey’s Jonathan Cain & Neal Schon Reach Legal Solution Amid Stadium Tour

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Journey’s Jonathan Cain & Neal Schon Reach Legal Solution Amid Stadium Tour

As

This is the hidden content, please

• Sign In
• or
• Sign Up

continues its stadium tour with

This is the hidden content, please

• Sign In
• or
• Sign Up

and

This is the hidden content, please

• Sign In
• or
• Sign Up

, two of its members have finally settled a legal dispute.

This is the hidden content, please

• Sign In
• or
• Sign Up

announced Wednesday that the Delaware Chancery Court has appointed a third independent director, former Vice Chancellor Joseph Slights, for his and bandmate

This is the hidden content, please

• Sign In
• or
• Sign Up

‘s Freedom 2020 business subsidiary.

More from Deadline

“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,” Cain’s legal team shared in a statement. “Mr. Cain is elated with the outcome and looks forward to moving beyond this matter so that Journey can continue the band’s 50th Anniversary Freedom Tour.”

After Schon agreed last week to Cain’s request to appoint a third party tiebreaker to manage the ongoing tour, Cain’s attorney Kasey H. DeSantis accused Schon of “now seeking to inappropriately limit the role of the custodian” in a recent petition.

With each owning a 50% stake in the company, Cain previously said in a petition that he and Schon “

This is the hidden content, please

• Sign In
• or
• Sign Up

” on how to manage the company.

data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw==data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw==

Bassist Ross Valory, keyboardist/guitarist Jonathan Cain and guitarist Neal Schon of Journey

Cain accused Schon of taking a $1.5 million advance from promoter AEG to cover tour expenses, despite Cain’s request for a more modest $500,000 advance, in addition to ignoring the company limit of $1,500 per night for hotel accommodations and spending up to $10,000 per night for hotel rooms for him and his wife.

The legal resolution comes as Journey performs Wednesday in San Francisco, moving onto San Diego on Friday.

Best of Deadline

Sign up for

This is the hidden content, please

• Sign In
• or
• Sign Up

. For the latest news, follow us on

This is the hidden content, please

• Sign In
• or
• Sign Up

,

This is the hidden content, please

• Sign In
• or
• Sign Up

, and

This is the hidden content, please

• Sign In
• or
• Sign Up

.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Journeys #Jonathan #Cain #Neal #Schon #Reach #Legal #Solution #Stadium #Tour

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up