According to one New York Post report, the letter from Schon to White-Cain reads: “We have learned that, notwithstanding the prior mutual agreement between Mr. Schon and Mr. Jonathan Cain, that the band and travel-related entities would be handled solely by Mr. Schon. and Mr. Cain as individuals, your name appears as an authorized signatory on City National Bank accounts with Freedom JN LLC We further require that you immediately cease and desist and refrain in the future from inserting yourself into the band’s and any legal devices used by the band as this is contrary to the existing agreement between Mr. Schon and Mr. Cain.”
However, Cain’s attorney Alan Gutman has issued a statement to the Post stating that White-Cain’s access to the account was Schon’s idea. “Neal’s attorney recommended that Neal and Jonathan own their respective 50% interests in the band’s operating entities through their personal trusts. Paula is a co-trustee of Jonathan’s personal trust, so Jonathan and Paula signed on as co-trustees of Jonathan’s personal trust. But it never would have happened if Neal’s lawyer hadn’t brought it up.”
Gutman goes on to say that Schon did not complain about the arrangement for two years, and that when he did, Cain offered to have his ownership transferred from his personal trust to him personally, and that Schon “refuses to cooperate in any settlement.”
This is the latest in a a number of public disputes and lawsuits between Schon and Kain, with the two former clashing heads above access to the band’s American Express credit card and Cain’s use of the band’s music at political meetings.
The band is scheduled to begin a new tour on January 27. Schon has promised in recent weeks that the band’s former keyboardist, Gregg Roley, would be with them on stage. When asked by a fan on Twitter this morning how he and Cain could possibly share the same stage together after all these disagreements, Schon said: “We’ve written great music. Gregg Rolie will be there too. Channel the great music . Honor it.”