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Travel team mates are in a legal war over an AmEx card
For those who intend to … open a line of credit at a competitive APR.
Page Six has learned that two members of the famous rock band Journey are engaged in a very non-rock ‘n’ roll legal battle over financial records and an American Express card.
Original band member Neal Schon is suing bandmate Jonathan Cain, claiming in court documents that he set up the AmEx card without telling Schon, and that “millions of Journey funds flowed through it.”
Schon’s attorneys also claim in the lawsuit, which was filed with Contra Costa in the Bay Area, California, that Cain failed to provide financial documents that allow Schon to know how much the team owes him.
Relationships within the band have been increasingly fragile in recent years, with members bickering over everything from Donald Trump to an Aretha Franklin tribute.
Apparently – after a previous lawsuit with former bassist Ross Valory – Cain and Schon started a company that manages the band Nomota, in which they each have a 50 percent share.
“As a member and manager and founder and leader of Journey,” the papers read, “Schon has the right to access and control Nomot’s books and records. Schon must have unrestricted access to Nomota’s files to oversee and manage Nomota/Journey.”
But the Journey singer claims that despite Cain’s many requests to hand over key recordings, Cain kept him in the dark about their finances.
The newspapers also claim that the lawsuit “was brought to turn on the light” and obtain “critical financial information” which Schon allegedly tried to obtain but was rejected.
“Nomota’s documents also contain financial information necessary for Schon and his agents to determine the proportion of Journey’s profits to which he is entitled as founder and chairman of Journey,” the lawsuit states.
“Schon’s right to Journey’s profits is controlled by Cain – Schon’s bandmate whom Schon brought to the team in the 1980s – and despite all his pleas and efforts, Schon has not been able to gain full access.”
The lawsuit goes on: “Among other things, Nomota’s American Express account has been set up in such a way that only Cain has control of the account and access to its data. Millions of Journey funds have flowed through this AMEX account through information and beliefs.”
According to court documents, Cain allegedly tells Schon that he will get access to the card – but will never be added to it.
In fact, Schon claims he only found out about the card because American Express told him it existed.
Travel team mates are in a legal war over an AmEx card – ilmhunt
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