As Journey continues to electrify stadiums across the country on their 50th Anniversary Freedom Tour, band members Jonathan Cain and Neal Schon have finally settled a legal dispute that had threatened to cast a shadow over the celebrations. The conflict, which revolved around the management of their Freedom 2020 business subsidiary, has been resolved with the appointment of a third independent director.
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On Wednesday, Cain announced that the Delaware Chancery Court appointed former Vice Chancellor Joseph Slights as the deciding vote between the two bandmates. This resolution follows months of disagreements over the company’s financial management, including disputes over tour expenses and hotel accommodations.
Cain’s legal team expressed satisfaction with the court’s decision, noting that “Mr. Schon is prohibited from unilaterally acting on behalf of the Company, and all future deadlocks between Mr. Cain and Mr. Schon will be resolved by the Custodian’s vote.” Cain is reportedly relieved by the outcome and is eager to shift focus back to the tour.
The dispute intensified when Cain accused Schon of accepting a $1.5 million advance from promoter AEG for tour expenses, despite Cain advocating for a more modest $500,000 advance. Additionally, Cain criticized Schon for exceeding the company’s $1,500 per night hotel limit, allegedly spending up to $10,000 per night on accommodations for himself and his wife.
With the legal issues now behind them, Journey is set to continue their tour, delivering their iconic hits to fans nationwide. The band performed in San Francisco on Wednesday and will head to San Diego on Friday.
