Jonathan Cain Give Details About Neal Schon’s Reckless Spending

Jonathan Cain Give Details About Neal Schon’s Reckless Spending | Society Of Rock Videos

via Jonathan Cain / Youtube

The tense situation between Journey bandmates, Neal Schon and Jonathan Cain has not subsided ever since it started. Every day, fans have been seeing chaotic pieces of news concerning these two musicians.

Now, it appears that Cain will be taking Schon to the court. The keyboardist described Schon’s reckless spending behavior and the problems it caused Journey in his most recent countersuit. Cain’s lawyers wrote:

“Schon’s use of the shared AMEX card for personal expenses created serious liquidity problems for the band.

“As the AMEX balance had to be paid every month, and there were insufficient revenues to pay for other expenses as Schon saddled Journey with over $1 million of his personal expenses.”

The complaint continued:

“Schon’s charges placed considerable pressure on Journey and its ability to cover normal tour expenses. Schon was spending Journey’s money, and Cain is the one who was and is ultimately liable for the AMEX Account and Schon’s charges on the AMEX Card.”

Schon filed a lawsuit against Cain back in November for failing to inform him of Journey’s financial situation and for putting up the AMEX Card without notifying him. The guitarist asserted his legal rights by saying he ought to have access to Nomota, a business they founded together to handle the band’s financial affairs.

Cain’s response to Schon came immediately, who insisted in his statement, which was made public two days later, that Schon had access to the credit card statements but desired to have his spending limit raised owing to his expensive way of life.

The musician is now suing Schon to support his claim that he spent over $1 million on Journey’s joint AMEX card, including $400,000 in one month last year.

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