His lawyers told the court that the agreement had never been used and that he considers it a “nuclear button” for the claimants and their manager, Anita Camerata, to “impose their wishes” on him.
They said he had a “deep-felt and passionate aversion to becoming a ‘prisoner’ of a hostile majority” and in his evidence to the court, Mr Lydon said the agreement “smacks of some kind of slave labour”.
Lawyers for Mr Cook and Mr Jones argued there should not be any dispute about whether the agreement allows licensing decisions to be made “by a majority” and said Mr Lydon is in breach of the BMA by refusing to provide his consent.
They also said the court could not accept his evidence as true because it was a “straightforward lie” and he could not “genuinely have believed the agreement was never effective”.
They told the court Mr Cook and Mr Jones’ claim is against Mr Lydon alone, and that original band member Glen Matlock, who was replaced by Sid Vicious, and representatives of the estate of Vicious, who died in February 1979, supported their position.
In a joint statement after the ruling, Steve Jones and Paul Cook told the PA news agency: “We welcome the court’s ruling in this case.
“It brings clarity to our decision-making and upholds the band members’ agreement on collective decision-making.
“It has not been a pleasant experience, but we believe it was necessary to allow us to move forward and hopefully work together in the future with better relations.”
The Sex Pistols were formed in 1975 and disbanded in 1978, but have performed live shows together a number of times since then, most recently in 2008.