A resolution was reached Monday in ex-Third Eye Blind guitarist Kevin Cadogan's lawsuit against the band, its management and lead singer Stephan Jenkins.
Just after the nine-member jury was selected in U.S. District Court in Oakland, California, a settlement for an undisclosed amount of money was brokered between the band, its former guitarist and Eric Godtland Management, Cadogan said.
"A big weight has been lifted with the resolution of this case, and now I feel ready to rock," he said.
Spokespeople for Elektra Records and Eric Godtland Management had no comment on the settlement.
Cadogan shared songwriting credit with Stephan Jenkins on 16 of the 27 songs on 1997's self-titled debut and 1999's Blue, including the hits "Semi-Charmed Life," "Graduate" and "How's It Going to Be."
Following his split with the band in June 2000 (see "Third Eye Blind Split With Guitarist"), Cadogan filed a multi-million dollar lawsuit against the band and singer Stephan Jenkins, citing fraud, wrongful termination and breach of contract (see "Third Eye Blind Sued By Ex-Guitarist").
The ousted guitarist said that he was fired without warning because he didn't agree to a deal that would have yielded a $1 million advance to record an EP and start an Elektra Records imprint, while the other members did. Following a show at the Sundance Film Festival in January 2000, Cadogan was left stranded in Utah with the hotel bill slid under his door, while the band was off to perform on "The Tonight Show" with Cadogan's replacement, original guitarist Tony Fredianelli.
Cadogan's new band Bully will soon be shopping for a label deal, while Third Eye Blind continue to work on their third album, Crystal Baller (see "Third Eye Blind Recruit Fred Durst, Andrew W.K. For Third Album").