Vicky Cornell has filed a new lawsuit against Soundgarden regarding the band buying out Cornell’s stake in the band.
TMZ reports that in new court documents Vicky claims that the three surviving members of Soundgarden offered her $300,000 to buy out Chris Cornell’s share in the band which she claims is a low ball offer and alleges the band recently received an offer of $16 million for their masters. Vicky’s new lawsuit would help establish a proper value of the assets and worth of Soundgarden.
A rep for Soundgarden issued a statement to TMZ saying, “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. This dispute has never been about money for the band. This is their life’s work and their legacy.”
Vicky Cornell and the surviving members of Soundgarden have also been engaged in a legal battle over some of Chris Cornell’s recordings. In December 2019, Vicky Cornell filed a lawsuit accusing the band of withholding “hundreds of thousands of dollars” worth of royalties in an “unlawful attempt to strong-arm Chris’ estate into turning over certain audio recordings created by Chris before he passed away.”
These recordings have been talked about publicly by guitarist Kim Thayil multiple times, with him saying in November 2019 during an interview, “We definitely have another record in us. Stuff that’s written, stuff that’s demoed and recorded — certainly. All it would need is to take the audio files that are available…There shouldn’t be [issues getting the record done] — there really isn’t — other than the fact that we don’t have those files… And I think that will happen. It would be ridiculous if it didn’t. But these are difficult things — partnerships and property.” Vicky Cornell has accused Thayil of “putting her family in harm’s way” by suggesting she’s being difficult regarding these demos.
In February 2020, Soundgarden responded to Vicky Cornell’s lawsuit claiming that recordings being withheld are actually the property of the band. They also denied her claim the band was withholding any royalties and state they haven’t received any royalties either until “the Partnership, by vote of the Remaining Partners, formally elects to make such a distribution.”
In May 2020, Soundgarden filed another countersuit against Vicky Cornell and the estate of Chris Cornell “accusing them of ‘fraudulent inducement’ for allegedly using revenue intended to be raised for charity for ‘personal purposes for herself and her family.’” The band would drop this lawsuit in July.
