Monday, February 22, 2021

Soundgarden respond to Vicky Cornell lawsuit

The surviving members of Soundgarden have issued a response to a lawsuit over terms of a “buyout offer” brought by Vicky Cornell on behalf of the Chris Cornell Estate.

Last weeks, Cornell filed suit against Kim Thayil, Ben Shepherd and Matt Cameron alledging they initially offered her $300,000 for Chris’ share in the group, as well stating the group had been offered $16 million by an outside investor for Soundgarden’s master tapes; Vicky claims that she counter-offered the members $7 million each for their interests in the Soundgarden partnership, while now requesting a judicial valuation of Chris’ interests in the band.

In response to the suit, the members outlined their attempts to settle with Vicky while offering “multiple times more than the amount calculated” by music industry valuation expert Gary Cohen.

Over the weekend, Soundgarden issued a statement further clarifying their position.

“The buyout offer that was demanded by the Estate has been grossly mischaracterized and we are confident that clarity will come out in court,” said the band. “All offers to buy out our interests have been unsolicited and rejected outright. For more than a year, Soundgarden's social media accounts have been hijacked; misleading and confusing our fans.

“Being a band from Washington State since 1984, we are proud of Soundgarden's musical legacy, work and career. We look forward to completing the final Soundgarden album.”

Cornell took his own life at the age of 52 in a Detroit hotel room in the early hours of May 18, 2017 following a Soundgarden show in the city.
See also:

Chris Cornell’s widow sues Soundgarden over buyout terms
Chris Cornell streams cover of John Lennon classic
Chris Cornell covers collection released
Soundgarden classic Rusty Cage featured in all-star quarantine cover
Search Soundgarden at hennemusic