Here is a statement by the band posted on their website:
"Anyone who's been following the band over the years knows that Lefay is, and always has been Morgana Lefay. The name change was necessary in order to continue the band due to unfortunate business complications. Therefore we are pleased to announce that we have signed a new deal with our old label, Black Mark. In doing so, we have regained the right to our full name and shall from now on once again be named Morgana Lefay. We will begin recording our new album entitled "Grand Materia" in the near future."

Charles, Tony, Peter, Robin & Fredrik / Morgana Lefay.

www.lefay.org