The bassist's brother posted this bulletin:
A court case is in the making. Brent and his lawyer have taken the next step. A letter has been sent to Panic! stating that Brent will be taking them to court if he has not received an agreement from the band within 14 days. If this 14 day grace period is neglected, further measures will be taken. If Panic! does not agree to Brent's proposal, the case may take anywhere from two to four years. If, in the event the band does not come to a settlement, the IRS will have to get involved and things will get even uglier. In the mean time, the family thanks all of you for your support.