Regarding the lawsuit opposing father & son, Justice Lewis Lubell gave yesterday both parties 60 days to resolve themselves all conflicting issues out of court. He asked them “if they want to continue draining money on lawyers or work out their differences like gentlemen?”
Paul Teutul Junior was fired by his father and the agreement signed at the time appears to the judge to be very ambiguous and subject to multiple interpretations (lawyers fault?). The different is about the real value of Orange County Choppers and the financial share going to each party.
Senior asked for a court-appointed appraiser to determine the true market value of the company. Junior, in a counter lawsuit states that OCC is mismanaged and asked the court to have a receiver named to run the company. Paul Junior request was denied by the judge but authorized him to have full access to the company records and accountants. I agree with the judge that a business different between a father and son who both participated to its success should be, as much as possible, be resolved out of court. Family first. Next round in 60 days. Orange County Choppers