It's about a buy-sell agreement signed by the original bandmembers when Steely Dan was incorporated in the early 1970's. It says that whenever a member of the group quits or dies, Steely Dan purchases all of that member's shares in the group.
According to the lawsuit filed in court yesterday Donald Fagen had recieved a letter from Becker's estate four days after Walter Becker's death saying that the buy-sell agreement from 1972 no longer was valid and that Becker's widow wanted 50 percent ownership of Steely Dan.
Read more:
https://www.hollywoodreporter.com/thr-esq/steely-dan-singer-sues-bandmates-estate-1060687
http://www.rollingstone.com/music/news/steely-dans-donald-fagen-sues-walter-beckers-estate-w512406
UPDATE 28 NOVEMBER 2017:
Walter Becker's Estate Responds to Donald Fagen's Steely Dan Lawsuit
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