Smith and Valory were fired by the pair last spring over an alleged effort to take control over the band’s name in what has been referred to as “an attempted corporate coup d'état.”
In sync with the firing, Schon and Cain sued their former rhythm section after the duo set up a February 2020 board meeting of one of the band’s corporate entities, Nightmare Productions, Inc., that saw the defendants and their allies vote to give Smith and Valory control of the Board, removing Cain as President and replacing him with Smith, and removing Schon as Secretary and replacing him with Valory, who eventually countersued Journey over his dismissal.
A year later and the two sides have reached an amicable solution to the situation.
“The members of the band Journey who were parties to a recent lawsuit (Neal Schon, Jonathan Cain, Steve Smith, and Ross Valory) are pleased to announce that they have resolved their differences and reached an amicable settlement agreement,” said the band in a statement. “Neal Schon and Jonathan Cain acknowledge the valuable contributions that both Ross Valory and Steve Smith have made to the music and the legacy of Journey. Ross Valory and Steve Smith wish their former bandmates well and much success in the future. Journey looks forward to continuing to tour and make new music for their dedicated fans around the world.”
Following the dismissal of Smith and Valory, Journey brought in former member Randy Jackson on bass and drummer Narada Michael Walden as their new rhythm section, with the lineup rounded out by keyboardist/vocalist Jason Derlatka and longtime singer Arnel Pineda.
See also:
Journey: Don’t Stop Believin’ tops 1 billion Spotify streams
Journey singer still hopes for Steve Perry reunion
Steve Perry streams Most Of All radio mix
Journey to headline Lollapalooza
Search Journey at hennemusic
