When Waters' lawyers discovered that the partnership had never been formally confirmed, Waters returned to the High Court in an attempt to obtain a veto over further use of the band's name. Gilmour responded with a press release affirming that Pink Floyd would continue to exist. The sides reached an out-of-court agreement, finalised on Gilmour's houseboat the "Astoria" on Christmas Eve 1987. In 2013, Waters said he regretted the lawsuit and had failed to appreciate that the Pink Floyd name had commercial value independent of the band members.