Apparently, My Chemical Romance are keen for people to not speculate over this:
Some shit happened last night and before the blogosphere gets all crazy with false statements and ridiculous opinions we want the true story to come from us... But please listen close because this is the only time we are ever going to talk about this. The relationship between My Chemical Romance and Michael Pedicone is over.Yes, that's not a statement which leaves any questions hanging in the air - like what was it he could possibly have "stolen" that was bad enough to demand a sacking, but not talking to the police? And is it entirely fair to dismiss an employee, brand him a thief, but not allow him either right of reply or the dignity of a proper investigation of the claims by the police?
He was caught red handed stealing from the band and confessed to police after our show last night in Auburn, Washington. We are heartbroken and sick to our stomachs over this entire situation.
The band has no intention of pressing charges or taking this matter any further than we have to. We just want him out of our lives. The people who play in this band are a family, and family should not take advantage of each other like he did. We are currently moving forward, and hope to have a new drummer in place for our show in Salt Lake City, Utah. The show must go on.