Journey members Neal Schon and Jonathan Cain have finally settled a longstanding legal dispute . The news comes while the band are continuing their 50th anniversary tour of the US, with Def Leppard and Steve Miller. The band members, most famous for their song “Don’t Stop Believin’”, have been at war over their joint business Freedom 2020.
They each own a 50 per cent stake in the company, which was set up to deal with tour-related finances. In a petition filed earlier this month, keyboardist Cain said that he and guitarist Schon, who is current president of the business, “fundamentally disagree” on the management and operation of the company and requested the court appoint a custodian to act as an independent, deadlock-breaking director. On Wednesday, Cain announced he had been successful in his request, confirming that the Delaware Chancery Court appointed Vice Chancellor Joseph Slights as a third independent director to break any ties.
“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 said 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.” Cain’s attorney Sidney Liebesman had previously told the court that the setup had been “dysfunctional” according to the Associated Press .
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