Paul Teutul's father can not compel, Paul Teutul Jr., his 20 percent in Orange County Choppers for Sale Holding AG, was a Court of Appeal ruling.
As Discovery Channel launches its new season of "American Chopper", with the Teutul family conflict to continue the struggle of the years between application developers father and son motorcycle custom.
In January 2009, Paul Sr. and Paul Jr. hash to define their relationship, an agreement that I had to do to prevent the violation of its contract with the Discovery. The document contains an option, "said Paul Sr., now that the face of power, in its sole discretion to Paul Jr. for the market value. They agreed at a later stage how to determine the market value. At the end of the 20 009 force, by Mr Paul an action for the sale.
Agreement language was too vague
In April, Orange County Supreme Court ruled in favor of Paul Lewis Lubell father and said that the hearing be held as a neutral expert and the court, if necessary, establish the market value of the Junior. Lawyers Paul Jr. 's appeal.
The Appellate Division, Second Department of the State Supreme Court ruled last week that the father tries to clause Paul, Paul Jr. develop sold stake in the Orange County Choppers Inc. Holding is too vague.
"The Ministry has determined that the second main point was a call" option "to force substantially Paul Jr. to sell their shares at the OCC is not valid and enforceable, no," said a lawyer Paul Jr., James Burke Larkin, Axelrod, Ingrassia Tete tree and Newburgh. "He can not sell with violence Junior, their shares."
Back to court in January
Lawyer, said Paul II Richard Mahon Tarshis, Catania, Liberth, Mahon and milligrams in Newburgh, the decision changes nothing. Paul Jr. is still a shareholder. But it is not the case. "The option that we have a quick way to achieve the planned evaluation of the stage," said Mahon. "We need to reach agreement, either between us or we find an alternative mechanism" under state business law.
The case is in court in January back, but Lubell is Putnam County transferred, and it is unclear who, if the Teutuls judge.
As Discovery Channel launches its new season of "American Chopper", with the Teutul family conflict to continue the struggle of the years between application developers father and son motorcycle custom.
In January 2009, Paul Sr. and Paul Jr. hash to define their relationship, an agreement that I had to do to prevent the violation of its contract with the Discovery. The document contains an option, "said Paul Sr., now that the face of power, in its sole discretion to Paul Jr. for the market value. They agreed at a later stage how to determine the market value. At the end of the 20 009 force, by Mr Paul an action for the sale.
Agreement language was too vague
In April, Orange County Supreme Court ruled in favor of Paul Lewis Lubell father and said that the hearing be held as a neutral expert and the court, if necessary, establish the market value of the Junior. Lawyers Paul Jr. 's appeal.
The Appellate Division, Second Department of the State Supreme Court ruled last week that the father tries to clause Paul, Paul Jr. develop sold stake in the Orange County Choppers Inc. Holding is too vague.
"The Ministry has determined that the second main point was a call" option "to force substantially Paul Jr. to sell their shares at the OCC is not valid and enforceable, no," said a lawyer Paul Jr., James Burke Larkin, Axelrod, Ingrassia Tete tree and Newburgh. "He can not sell with violence Junior, their shares."
Back to court in January
Lawyer, said Paul II Richard Mahon Tarshis, Catania, Liberth, Mahon and milligrams in Newburgh, the decision changes nothing. Paul Jr. is still a shareholder. But it is not the case. "The option that we have a quick way to achieve the planned evaluation of the stage," said Mahon. "We need to reach agreement, either between us or we find an alternative mechanism" under state business law.
The case is in court in January back, but Lubell is Putnam County transferred, and it is unclear who, if the Teutuls judge.
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