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The surviving members of Soundgarden issued a new statement regarding the lawsuit filed by Vicky Cornell, the widow of Chris Cornell, in Washington last week.
Kim Thayil, Matt Cameron, and Ben Shepherd wrote in the statement: “The acquisition offer requested by the Real Estate Association has been seriously misunderstood. We believe that a clarification will be announced in court.”
More information from SPIN:
In a lawsuit filed in the U.S. District Court for the Western District of Washington, D.C., Cornell said that the surviving members provided her with “a poor figure of less than $300,000”, despite allegedly having received from an outside music investor. Won an offer of $16 million to purchase Soundgarden’s master record.
Cornell formed a partnership with his Soundgarden band partner when he died. According to the lawsuit, Cornell said she sent a request letter to the surviving members of the band to purchase the deceased husband’s rights in Soundgarden and related entities.
In response to Cornell University’s perception of the band’s “disgraceful offer,” she stated that she made a counter-offer of $4,000,000 to each surviving band member for their collective interest in Soundgarden and related entities, allegedly the offer be rejected. Cornell said the surviving members also rejected her follow-up offer of $7 million each.
“According to the requirements of Chris Cornell Estate and the requirements of Washington State law, the surviving members of Shangarden submitted to Cornell Estate four months ago an offer to acquire the estate in Sandgarden based on the respectable music industry. Gary Cohen, an expert on the valuation of offers for equity,” members said in response to the lawsuit on Wednesday.
Cornell and the surviving Soundgarden members have been suing in federal court since 2019, when Cornell filed a lawsuit accusing them of wrongly withholding royalties due to the Cornell estate in an attempt to force Vicky Cornell to pay Published seven unreleased albums made by Chris Cornell in 2017 before his death.
Spin The representative of Vicky Cornell has been contacted for comment.
Pamela Chelin contributed to this report
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