Journey has hired a new manager, Mike Kobayashi, who also manages the iconic rock band, Def Leppard. (via Billboard)
The group was previously managed by guitarist Neal Schon and keyboardist Jonathan Cain.
Journey‘s management change comes less than two months after Schon filed a lawsuit against Jonathan Cain in California state court, alleging that Cain set up an American Express card without telling Schon and that “millions of Journey funds have flowed through it.”
Earlier Jonathan Cain fired back at Journey’s Neal Schon’s accusations after the guitarist sued Cain over the use of an American Express issued in the band’s name.
Read below what Cain’s claims:
“This is a matter that should have been resolved privately, but I am forced to publicly respond now to Neal’s malicious lies and personal attacks on my family and me in an effort to garner public support for his ill-conceived lawsuit, a lawsuit that has absolutely no merit.
“Neal has always had access to the credit card statements; what he lacks – and what he is really seeking, is the ability to increase his spending limits. Since Neal decided to publicize what is going on, I can tell you we will present the evidence to the 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 enormous personal charges on the band’s credit card account.
“When efforts were made to limit his use of the card to legitimate band expenses, Neal, unfortunately, decided to attack me rather than trying to get his reckless spending under control. I am saddened by the situation, for Neal, and for our fans, but since Neal filed a lawsuit, I suspect he will not be able to ignore the court like he has ignored the countless financial advisors and accountants he has fired over the past several years who have tried in vain to help him.”