Third Eye Blind has settled with its former guitarist Kevin Cadogan, who had sued the band over unpaid royalties upon his termination two years ago. Terms of the settlement, reached one day into the t

Third Eye Blind has settled with its former guitarist Kevin Cadogan, who had sued the band over unpaid royalties upon his termination two years ago. Terms of the settlement, reached one day into the trial, were not disclosed. As previously reported, Cadogan, who has a co-writer credit on most of Third Eye Blind's material, alleged he was owed approximately $500,000 from the band.

"I continue to be proud of the music I created as part of Third Eye Blind and many of the experiences I had with the band during our time," Cadogan said in a statement. "Now that I can put this behind me, I'm looking forward to moving ahead with the full drive and focus that my career in music in the first place, and I'm excited about the opportunities that lie ahead."

In his original complaint, filed soon after he was fired, Cadogan claimed the band had been withholding his producer, record, and writer royalties. Cadogan said that he and frontman Stephan Jenkins had an oral agreement to split ownership of the band, yet Jenkins had established Third Eye Blind entities behind his back -- 3EB Touring, Inc. and Third Eye Blind, Inc., in which the band's profits were being divided. A spokesperson says Third Eye Blind approached Cadogan with a settlement one day after the nine-person jury had been selected.

Third Eye Blind will begin a summer tour with the Goo Goo Dolls July 29 and will release "Crystal Baller," its first album without Cadogan, this fall on Elektra. Cadogan hopes to release a set of solo material later this year via an as-yet-unknown independent label, and is also prepping a full band by the name of Bully.

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