This is probably the worst possible way to deal with that situation. It will keep the story in the headlines even longer and won’t let Coldplay and its management look good.
This is being handled badly. Why? Do they need the money so much that they can’t afford to pay the old guitar wanker his dues?
“With the greatest possible respect to Joe Satriani, we have now unfortunately found it necessary to respond publicly to his allegations. If there are any similarities between our two pieces of music, they are entirely coincidental, and just as surprising to us as to him. Joe Satriani is a great musician, but he did not write or have any influence on the song Viva La Vida. We respectfully ask him to accept our assurances of this and wish him well with all future endeavours. Coldplay”
Just like Bob Lefsetz said: Watch this clip and make up your mind. This is a no-brainer and Coldplay has lost the battle over public opinion already.

[...] hits: 6-4-5-1 chord progression 23 01 2009 If you’re still wondering how that spat between Coldplay and Joe Satriani turned out you should give it a rest and check out this little clip. I’ve seen this posted on [...]