Chris Cornell’s Wife Vicky Cornell Sues Soundgarden Over Proposed Buyout Offer

Vicky Cornell, the widow of Chris Cornell, has filed a brand new lawsuit in opposition to the surviving members of Soundgarden, Variety factors out. In line with court docket paperwork seen by Pitchfork, Vicky Cornell claims that she was provided lower than a $300,000 buyout by the band’s remaining members: Kim Thayil, Matt Cameron, and Hunter Benedict Shepherd. The grievance, which was filed yesterday (February 16) in a United States District Courtroom in Seattle, refers back to the buyout supply as “a villainously low determine.” Cornell seeks a judicial valuation of Chris Cornell’s curiosity in Soundgarden’s property, together with merchandise and future touring income.

The lawsuit alleges that Soundgarden’s buyout supply was not in good religion, and that the proposed determine “doesn’t quantity to the royalties that Vicky obtained from Soundgarden’s grasp recordings in 2018 alone.” The grievance added that Soundgarden made their buyout supply to Cornell after receiving a suggestion from a music investor, who provided to buy Soundgarden’s grasp recordings alone for $16 million.

Cornell’s grievance states that she was compelled to file the lawsuit after making two counter-offers to the band. On December 17, 2020, she counter-offered Thayil, Cameron, and Shepherd $four million every for his or her collective pursuits in Soundgarden. The band subsequently rejected the supply, stating that they’d little interest in it “as a result of these pursuits signify their artistic life’s-work.” Cornell then provided every member $7 million, which they rejected.

The swimsuit claims {that a} good religion valuation would “account for the numerous revenues to be earned from the band’s merchandise gross sales and account for the profitable, nostalgia-fueled tasks that observe the passing of rock and roll icons—e.g., future excursions utilizing a alternative lead singer (as Queen did by substituting Adam Lambert for Freddie Mercury); posthumous live performance appearances by a hologram of Chris (as Tupac Shakur, Michael Jackson, and Elvis Presley have profitably carried out); and deep-fake renditions of Chris’ vocals drawn from extant recordings by synthetic intelligence thatcould mint model new Soundgarden hits.”

As a result of Vicky Cornell and the remaining members of Soundgarden can’t agree on Chris Cornell’s curiosity within the band’s property, Vicky Cornell seeks a judicial dedication of the buyout value.

Vicky Cornell’s lawyer Marty Singer provided the next assertion to Pitchfork:

The band’s rivalry that this dispute is someway not concerning the cash for them is absurd and hypocritical. After all that is about cash and their greed. They obtained a 3rd get together supply to purchase only a portion of their pursuits for 16 million {dollars}, and but subsequently provided to purchase out Chris’ curiosity for a mere $278,000. After which Vicky provided $21 million for his or her shares, which they turned down—not as a result of they needed to protect their life’s work however as a result of they know that they’ll make much more off of future exploitation of the music that Chris wrote and the legacy that he created (which has lined their pockets for years).

A consultant for Soundgarden wrote:

As requested by the Property of Chris Cornell and as required by the legal guidelines of the State of Washington, the surviving members of Soundgarden submitted to the Cornell Property 4 months in the past a buy-out supply of the Property’s pursuits in Soundgarden calculated by revered music trade valuation skilled Gary Cohen.

Since then, the band members have continued to attempt to settle all disputes with the Cornell Property and of their a number of makes an attempt to settle, the band members have elected to supply a number of occasions greater than the quantity calculated by Cohen. This dispute has by no means been about cash for the band. That is their life’s work and their legacy.

In December 2019, Vicky Cornell sued the remaining members of Soundgarden over lacking royalty funds. Final February, the band filed a response, stating that the recordings tied to these royalties are property of the band.

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