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Surviving members of Soundgarden have released a new statement regarding the lawsuit Chris Cornell’s widow, Vicky Cornell, filed in Washington last week.
“The takeover offer that has been demanded by the estate has been largely distorted and we are confident that clarity will come to court,” read the statement from Kim Thayil, Matt Cameron and Ben Shepherd. “All offers to buy back our interests were spontaneously rejected and unsolicited. For over a year, Soundgarden’s social media accounts have been hijacked; misleading and confusing our fans. Being a Washington State band since 1984, we are proud of Soundgarden’s musical heritage, work and career. We can’t wait to complete Soundgarden’s final album. “
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In the US District Court case in the Western District of Washington, Cornell says the surviving members offered him “the incredibly low figure of less than $ 300,000” when they allegedly received an offer of $ 16,000,000. ‘an outside music investor for Soundgarden’s main recordings.
At the time of his death, Cornell was in partnership with his bandmates Soundgarden. According to the lawsuit, Cornell says she sent a letter of formal notice to surviving members of the group to buy out her late husband’s interests in Soundgarden and related entities.
In response to what Cornell sees as the group’s “dishonest offer”, she says she has submitted a counter-offer of $ 4,000,000 to each surviving group member for their collective interests in Soundgarden and related entities, an offer that would have been rejected. Cornell says the surviving members also rejected his follow-up offer of $ 7,000,000 each.
“As requested by the Chris Cornell estate and as required by the laws of the state of Washington, the surviving members of Soundgarden submitted to the Cornell estate four months ago an offer to repurchase the estate’s interest in Soundgarden calculated by respected music industry valuation expert Gary Cohen, ”the members said Wednesday in response to the lawsuit.
Cornell and the surviving members of Soundgarden have been in litigation in Federal Court since 2019, when Cornell filed a lawsuit alleging they were wrongly withholding royalties owed to the Cornell estate in an attempt to force Vicky Cornell to turn over seven unreleased recordings made by Chris Cornell in 2017 before he died.
TOURNAMENT has contacted representatives for Vicky Cornell for comment.
Pamela Chelin contributed to this report
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