Journey’s Jonathan Cain Claims ‘Reckless Spending’ Led to Dispute in Neal Schon Lawsuit Statement

Earlier this week it was revealed that Trip‘s Neal Schon had taken legal action against bandmate Jonathan Cain, alleging that he had been repeatedly restricted from accessing the band’s financial records and a credit card that had been set up by Cain for Journey’s business use. Cain has now responded to the suit, issuing a statement claiming that Schon’s “reckless spending” is what is really at the heart of the lawsuit.

About TMZ, Cain just filed his own legal documents in response to the suit Schon originally filed last month. Now, speaking out about the matter, Cain has claimed that the reason for the breakup comes down to Schon’s expenses.

“This is a matter that should have been resolved privately, but I am forced to respond publicly now to Neal’s malicious lies and personal attacks on my family and I in an attempt to garner public support for his ill-conceived lawsuit – a lawsuit that there’s absolutely no merit,” Cain says.

He adds, “Neal has always had access to the credit card statements; what he lacks — and what he’s really looking for — is the ability to increase his spending limits.”

Cain continued: “Since Neal decided to go public with what’s going on, I can tell you that we will present the evidence in court that shows that Neal has been under tremendous financial pressure as a result of his excessive spending and extravagant lifestyle, which led to him running up huge personal charges on the band’s credit card account.When efforts were made to limit his use of the card to legitimize the band’s expenses, Neal unfortunately decided to attack me instead of trying to get a handle on his reckless spending. “

The keyboardist says he’s “upset about the situation,” concluding: “But since Neal filed a lawsuit, I suspect he won’t be able to ignore the court, just like he’s ignored the countless financial advisors and accountants he has fired for the past several years. years who have tried in vain to help him.”

In Schon’s initial lawsuit, the guitarist stated that he has not been given access to financial records from Nomota, the company he and Cain started that oversees Journey’s business dealings, that would allow him to know how much money he is owed. He also claimed that Cain set up an American Express card without telling him and that “millions of Journey funds have flowed through it.” Schon sought access to Nomota’s books and records, requesting “unfettered access.”

In a separate statement, Cain’s lawyer Alan Gutman of Gutman Law commented: “The evidence will establish that Schon’s financial crisis has nothing to do with his alleged ‘unfettered access to Nomota’s records.'” Our investigation has determined that Schon’s personal financial problems were solely due to his reckless spending, including what appears to be a preliminary charge of more than $1 million in inappropriate personal expenses to the band’s company Nomota AMEX card.”

“Schon’s complaint is the classic example of desperate people doing desperate things. It is very unfortunate that Neal — and Neal alone — has created such hardship for himself and his family through his profligate spending,” the statement concluded.

The case is scheduled for preliminary hearing on 3 March 2023.

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