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    Soundgarden Claim They Reject Buyout Offers in Response to Vicky Cornell Lawsuit

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    WENN/FayesVision/Nicky Nelson

    After the surviving members of the rock band broke their silence in their battle over Chris Cornell’s stake in the brand, a lawyer for his widow calls their claim ‘absurd and hypocritical.’

    Feb 23, 2021
    AceShowbiz – Rockers Soundgarden are pushing back against Chris Cornell’s widow over her attempt to secure a buyout offer from the remaining bandmembers.
    Vicky Cornell, who serves as her husband’s estate representative, filed suit against Kim Thayil, Matt Cameron and Ben Shepherd last week, ends February 19, asking a Washington judge to order a formal valuation of the band partnership to determine how much Chris’ share is worth.
    She claimed they offered her just $300,000 (£216,000) to buy out her stake in the brand, but she believes they’ve severely undervalued her share with the “lowball” figure.
    However, the surviving Soundgarden stars insist Vicky hasn’t detailed the full story, issuing a statement which reads, “(The) buyout offer that was demanded by the estate has been grossly mischaracterized and we are confident that clarity will come out in court.”

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    They also addressed her claims of the band members receiving lucrative offers from outside investors, who are keen to obtain the rights to the group’s master recordings, insisting, “All offers to buy out our interests have been unsolicited and rejected outright.”
    The rockers previously made it clear their stance isn’t about money, and they have since hinted at plans to return to the studio to complete the project they had been working on before Cornell committed suicide in 2017.
    “Being a band from Washington State since 1984, we are proud of Soundgarden’s musical legacy, work and career,” they concluded. “We look forward to completing the final Soundgarden album.”
    Vicky’s attorney, Marty Singer, has now fired back at the trio, declaring, “The band’s contention that this dispute is somehow not about the money for them is absurd and hypocritical.”

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      Chris Cornell's Widow Deems Soundgarden Self-Serving and Heartless in Clash Over Stake Buyout

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      WENN/Nicky Nelson

      Having been at war with Kim Thayil, Matt Cameron and Ben Shepherd since her husband’s 2017 suicide, Vicky Cornell is asking a judge to intervene in their legal battle over buyout price.

      Feb 18, 2021
      AceShowbiz – Chris Cornell’s widow is asking a judge to intervene in her legal battle with his Soundgarden bandmates after she was allegedly offered just $300,000 (£216,000) to buy out her stake in the brand.
      Vicky Cornell has been at war with remaining members Kim Thayil, Matt Cameron and Ben Shepherd ever since her husband’s suicide in 2017, previously suing over the ownership of unfinished songs and allegations of missing royalties.
      Now she is taking them to court again after failing to strike a deal over a buyout price, claiming she was offended by the “ludicrously low” offer of $300,000 for Chris’ share in the group partnership.
      According to court papers obtained by Variety, Vicky initially attempted to buy the trio out of the brand by offering them $4 million (£2.9 million) each, before upping the deal to $7 million (£5 million) apiece – but the rockers refused, and then came back with their counteroffer, based on an independent valuation, the details of which they have declined to provide to her.
      Vicky is refusing to believe the group’s assets are worth so little, and she is now demanding a court-ordered valuation to help settle the financial battle once and for all.

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      “This action has been necessitated by the self-serving and heartless actions of the remaining members of the band Soundgarden, who are seeking to rob from their former bandmate, Chris Cornell, his wife, and their minor children, Chris’ legacy and life’s worth, which has made them millions of dollars,” the complaint reads.
      “The band members have knowingly offered only an infinitesimal fraction of the true worth of Chris’ interest in Soundgarden and certain related entities by making a ludicrously low offer. And, they know it… This case relates to, and seeks a judicial valuation of, Chris’ interest in Soundgarden (the band owned by the partnership of the same name) and certain related entities, including SG Recordings, SMF, SG Productions, and LLM (collectively, the Soundgarden Related Entities’).”
      However, it appears she will be in for a fight.
      In response, a representative for Soundgarden tells TMZ, “As requested by the Estate of Chris Cornell and as required by the laws of the State of Washington, the surviving members of Soundgarden submitted to the Cornell Estate four months ago a buy-out offer of the Estate’s interests in Soundgarden calculated by respected music industry valuation expert Gary Cohen.”
      “Since then, the band members have continued to try to settle all disputes with the Cornell Estate and in their several attempts to settle, the band members have elected to offer multiple times more than the amount calculated by Cohen.”

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      Soundgarden's Kim Thayil Describes Chris Cornell Tribute Concert as 'Sort of a Clusterf**k'

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      While he was happy to regroup with Matt Cameron and Ben Shepherd for the ‘I Am the Highway’ show, the band’s guitarist insists, ‘The rest was a little bit uncomfortable.’
      Sep 8, 2020
      AceShowbiz – Chris Cornell’s Soundgarden bandmates had a tough time regrouping to perform at a 2019 tribute concert for their late frontman, because it was all a little too “awkward”.
      Guitarist Kim Thayil reunited with drummer Matt Cameron and bassist Ben Shepherd in January, 2019 for the “I Am the Highway: A Tribute to Chris Cornell” show in memory of the tragic singer, who had taken his own life following a Soundgarden tour stop in Detroit, Michigan in May, 2017.
      The Los Angeles bash also featured sets by the Foo Fighters, Metallica, Josh Homme, Fiona Apple, and Brandi Carlile, and although Thayil is glad to have taken part to honour his late pal, he still has mixed feelings about the event itself.
      “The best thing about it was playing those songs again with Matt and Ben, and the next best thing was having our friends and guests join us,” he told Kerrang!. “The rest was a little bit uncomfortable. It was sort of a clusterf**k.”
      “It was picking at an open wound, emotionally, and nobody was that thrilled to do it,” he shared. “We were thrilled to play the songs for our audience, and to play with each other onstage.”
      “The takeaway was the band being together with our family, crew and friends. To see that family together again was love. Everyone was happy and teary-eyed. It was the Soundgarden family together, doing what Soundgarden does and honouring and missing our beloved, departed member. That was important.”
      Touching on what he viewed as the negative aspects of the show, he continued, “The rest of it – the celebrity nature, promotion and focus – was bulls**t. And we knew it was bulls**t going into it. We did it for each other, to support Chris’ legacy. There was something awkward and un-intimate about it (sic). It’s hard for me to wrap my head around it, but I’m glad we did it for our friends and family.”
      Soundgarden’s surviving members are still struggling in the aftermath of Cornell’s loss, and Thayil admits it will be a while before the trio gets back together to make new music.
      “Matt still has his presence in Pearl Jam so he’s kept himself writing and recording, which is good,” the musician continued of Cameron’s other gig.
      “I’m just trying to come back down and get back on Earth… We will definitely find our feet, move forward and do some original stuff again. Hopefully, I’ll do stuff with Matt and Ben.”

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