Freaking Motorcycle News. The Teutuls Divorce.

Almost live from the Bench, below are the legal details of the OCC divorce between Paul Senior and Paul Junior. As you can see the humorous arguments (for some) of the American Chopper show have turned into a full fledged legal battle.

When OCC was founded in 1999, Senior owned 80% and Junior 20% of the company.  In January 2008, OCC and Junior signed an employment agreement with a non compete clause.  The agreement also gave Senior the option to acquire Junior’s shares in OCC . Junior had to sell to his father, upon Senior’s request, of his shares for fair market value as determined by a procedure to be agreed later by the parties. In December 2008, Senior fired Junior after they got into a argument. 

The legal battle between father and son started because the letter of agreement makes no mention of many legal clauses. It doesn’t state 1- how long the option lasts and a valuation date.  2- any adjustments to OCC’s income statement..  3- whether and how to factor into fair market value the continuation or not of the American Chopper series. 4-  the buyout payment terms. 5- who will decide fair market value and a time frame for doing so.

The buyout discussions went to an impasse. At the end of 2009 Paul Teutul Senior filed a lawsuit against his son, asking enforcement of his option to buy  his son’s 20% shares, and asking for the appointment of an independent appraiser.  Junior challenged the option and countersued  his father. In January 2010, Junior asked the court to restrain Senior from engaging in any business transactions without his agreement and  asked access to bookkeeping records.  Senior responded by asking the court for a summary judgment on his claims. Justice Lubell decided that  fair market value is not readily ascertainable in the case of a closed corporation such as OCC whose shares are privately held.  I reported on the 12th of March that the Judge blasted the attorneys who drew the original agreement and gave the teutuls 60 days to settle on the choice of 2 appraisers and on the terms of this appraisal.

The court will name a third party appraiser if the appraisers chosen by Senior & Juior fail to agree. Justice Lubell granted Senior summary judgment on his claim for specific enforcement of the agreement. He also decided to appoint a neutral appraiser to be chosen by the parties or by the court if father and son can’t agree.

As I reported on February 11, 2010, TLC announced the cancellation of the American Chopper series. Then, less than 2 months later,  on April 4th I hinted that TLC  will have both Senior and Junior return to the series for a new seventh season. I also reported on April 16, 2010 that Junior was opening his own motorcycle competing business called Paul Jr. Designs. All industries have a business saga. This one, off camera, is for me more interesting that the show itself.

Zipper's

35 Responses to “Freaking Motorcycle News. The Teutuls Divorce.”


  1. 1 James May 11th, 2010 at 8:06 am

    Best “serious” article of the year. Ha. Ha.

  2. 2 Patrick Henry May 11th, 2010 at 8:07 am

    Picture is hilarious!

  3. 3 Bill Siemer May 11th, 2010 at 8:23 am

    They didn’t know a good thing when they had it. They rode the boom wave till it crashed. The concept bikes were too heavy on concept and too light on bike. The street bikes had a similar problem. Too light on concept and bike. The tv show was like Larry the cable guy builds choppers. Don’t know about you, but if a channel would do a show where a builder could build what he wants. No deadline, no corporate approval, just a peak into what goes on in the shop and their lives. Not the same builder every week. Maybe rotate thru a few. See the masters at work and pick up a few tricks. That is what I think would be worth watching.

  4. 4 ROCKSTAR May 11th, 2010 at 8:26 am

    Senior’s tattoo’s looked as ganked as their bikes.

    long sleeves is a good look for him.

  5. 5 Bruce Mesmer May 11th, 2010 at 9:00 am

    Freak show in and out of the shop.

  6. 6 Seven May 11th, 2010 at 9:27 am

    The saga is all blah! and boring.

    But that top pick really made me smile on a grey and rainy day. So thanks for the comedy, Cyril.

  7. 7 BOB May 11th, 2010 at 11:20 am

    Whats next, are they going to have a TV show where they have to have everything settled by a certain fictious deadline then they can film them yelling at each other in front of a judge?
    I would’nt be surprised if this is just a way for them to continue the series for another couple years.

  8. 8 Brian May 11th, 2010 at 11:35 am

    WHO GIVES A RATS ASS ABOUT THIS SUPERMARKET RAG MEDIA CIRCUS FREAK SHOW?
    If everybody is so concerned about this trivial BS, why dont they use their influence in the Media to get than an hour on Dr Phil, Maury or the Queen of disfunctional instruction, Oprah.
    For christ sakes folks, give em “das boot” and get to riding or go freakin build a scooter.
    Ciao.

  9. 9 Joe May 11th, 2010 at 11:38 am

    Seriously, who gives a shit about these guys?

  10. 10 Jeff Nicklus May 11th, 2010 at 12:26 pm

    I would like to see them both get in the middle of the street at high noon and have a gun fight …. that would settle that crap once and for all!

    Over & Out,

    Jeff

  11. 11 A 1 cycles inc. May 11th, 2010 at 2:02 pm

    jeff that would be a top seller..but alas, they would fake it like their bike building skills and there would be gunbattle 2 and 3 and 4 for pay for view.

  12. 12 1550tc May 11th, 2010 at 2:15 pm

    GOOD ONE BRIAN

    “why dont they use their influence in the Media to get than an hour on Dr Phil, Maury or the Queen of disfunctional instruction, Oprah”

    Yeah why hasnt she called yet or ordered a bike from OCC…….maybe do a DIET theme bike…..???

    Like where they build one and until she can fit her fat (_______/_______) on the seat , she dont get to own it. Oprah is starting her own met work and she is going to need some disfunctional programing, so OCC should call her with this idea.

  13. 13 live2rideaglide May 11th, 2010 at 2:40 pm

    MIKEY WAS THE ONLY ONE WORTH WATCHING ILL MISS HIM UNUSUAL WIT.GLIDERMAN

  14. 14 RUB May 11th, 2010 at 3:32 pm

    I would love to be one of the Lawyers involved $$$$$$$$$$

  15. 15 1 DWB May 11th, 2010 at 6:19 pm

    THIS IS JUST THEIR WAY OF GETTING A SHOW GOING THAT WAS PHONEY TO BEGIN WITH !

  16. 16 nicker May 12th, 2010 at 12:50 am

    Simple solution:

    Do an IPO.
    Sell all the shares on the open market.
    Let-em split the result……… 🙂

    -nicker-

  17. 17 Olddude13 May 12th, 2010 at 6:40 am

    To much Quantity and no QUALITY

  18. 18 Freedomlaw May 12th, 2010 at 8:15 am

    This is an example of the distinction between tragedy and pathos. While this dispute is marketed as tragedy, it is pathos. And — true to my own life experience — made all the worse by the lawyers.

  19. 19 Buck Private May 12th, 2010 at 10:08 am

    I can’t stand to watch staged Sr.’s tantrums anymore. Did Mikey get fired by Sr.?

  20. 20 Eric Maurer May 12th, 2010 at 10:58 am

    FAIL!

  21. 21 cwglide May 12th, 2010 at 11:49 am

    “As The World Turns” ,.,,this would be a great episode for that waste of cranial energy soap. This is entertaining actually, reading all the comments. I’m with you James. Keep it comming Cyril!. Thanks for posting this.

  22. 22 J. Andrews May 12th, 2010 at 12:06 pm

    Cyril is sharp. He knows exactly what to post to inform, entertain and get us to come back and back again to his blog for commenting. Love your site man..

  23. 23 Harley guy May 12th, 2010 at 1:11 pm

    Who ever watched their show anyway? It was as boring as the bikes they build.

  24. 24 cooldaddy51 May 12th, 2010 at 6:05 pm

    I like Jeff Nicklus idea of the shootout but with a different twist. Make it with double barreled sawed off 12 gauge shotguns at lets say , Mmmm five paces ! One of those back to back turn and shoot deals . Yeah get rid of both in one great blast of fun! Yeah thats the ticket! LOL

  25. 25 David May 12th, 2010 at 6:10 pm

    Nicker do you think there are people stupid enough to buy shares to a defunk business?

    SSDD; David

  26. 26 Woody May 12th, 2010 at 6:57 pm
  27. 27 nicker May 12th, 2010 at 9:28 pm

    Dave,

    RE:
    “…do you think there are people stupid enough …”

    In a word -Ya-
    The question is just how many ………. 🙂

    -nicker-

  28. 28 Cement May 17th, 2010 at 7:52 pm

    Is there a way I could be more sick of these guys, bring Rick Fairless back, now that was entertainment!

  29. 29 little big man Jun 2nd, 2010 at 4:51 pm

    hi l.b.m. does any one know what is going on .some say one thing and some another .i have seen familys fall apart .and not on tv .paul jr and paul sr is that how things are who knows i donot know .is it all for the tv show or are things that bad.i am a bike fan i love bikes .i watch bike shows ther are plenty.not just occ i did like the show but all good things come to an end.if you all rember at the start of occ the tv company just seem to film sr and jr arguing .as you see sr phone jr about that .it was if that come first and the bikes last. we in england are way behind than the usa . with the show .does a father have to talk to his sons the way he did .in my book your a farther first and a boss second well thats how i see it .my family is worth everything to me.i would die for them .and donot think im just saying that i mean what i say .i just wish one day paul sr and is sons get together not for bikes but as farther and sons. forget about work and do things as a family .may the great spirts be with you all .and may you all be well in this life. little big man. 2 june 2010 manchester england .

  30. 30 vmaxmatt Jul 8th, 2010 at 5:13 am

    Yea yea crap on all you like about how much you didn’t like the bikes, show, and all things OCC but the bottom line is:
    A. They are the first of the kind to get a global look in on building bikes.
    B. It couldn’t be that crap as it’s been going on for many seasons.
    C. It’s inspired many a person to either ride, build their own bikes or get involved in the sceen of motorcycles.
    D. We (the viewing public) need more than just a show about building bikes hence the added bonus of the family side of things.
    E. Heaps of people can relate as our own families relationships are not perfect.
    F. Some of the bikes are true master pieces that have won awards and inspired other builders to push there skills further.
    Get a grip as more people enjoy the show then don’t. As for myself I’ve enjoyed every episode and enjoyed going through the journey I’ve been exposed to (fake or real). It’s entertainment! Stop trying to put more into all this as that all it’s been on the air for. To top this point off you all wouldn’t be writing this post if you never were exposed to them……your still being entertained wether you like it or not. Final point…….you build a bike half as good as theirs, get a global show to let all of us see it and then we can judge you like your judging them. They have never said they are more then what they are and in general have been very humble people……give them a break!
    Thanks for your time, Matt

  31. 31 Rick Oct 25th, 2010 at 9:19 pm

    They sucked from start to finish and will be very happy when they fade from everyones minds. Assbags. Both of them.

  32. 32 Craig Jenkins Nov 29th, 2010 at 9:10 am

    Here I go again, why the hell do I bother?
    Yep, that’s true isn’t it we all love to hate it and no matter what we think of them we all turn the dial come showtime! that is what we all do!
    I hate the childish mentality of Senior and his circus of clowns, Jason has tried to suckle on him when he was told he is the surrogate son, he showed his true colours there didn’t he?
    Junior is a self centred child who has his father to thank for showing him how to misbehave in business and then wonder why it all went wrong!!
    And Mikey, well what can we say about him, he sure aint no artist, maybe a P—artist!! His comedy doesn’t exist as if he had any talent I am sure he would zoom to the top of popular TV as he already has the public image and a hell of a start on any other struggling comedian, I think it is just wishfull thinking on his part where someone has said “Hey Mikey your soo funny you should do standup!” Whoever told him that really suckered him didn’t they? I can’t understand if he is really mentaly ill or just a fat lazy bastard who expects everyone to just accept that’s his way??
    I have followed the series just like everyone else as I am a bike fan and enjoy seeing the bikes being built and ridden. Not being a builder myself I can’t understand why, if they are so good at it why haven’t they been on any of the ‘Chopper King’s’ challenges for a build and ride off? Maybe they are frightened of being shown up by a real builder, because lets face it if it weren ‘t for Rick and his fabricating skills and all the wonderful tanks, headlamp surrounds and other metal fabrication he has always been involved in. And Vinnie for all the spanner wrenching while Junior was absent and Senior was lounging in his directors chair with his boots on his desk! If it were not for those guys and the great painters none of the bikes would have been finished let alone any good!
    So here’s to popular TV and what would we have to talk about without it???

  33. 33 robbiesean Jan 21st, 2011 at 5:13 pm

    They had their 15 minutes and stretched it…As for what happens to them now…who shives a git..

  34. 34 KACHINA321 Dec 8th, 2011 at 3:54 pm

    CONGRATS TO EVERYONE AT JRS. SHOP FOR SMOKING HIS FATHER TWICE NOW. THE CADDY BUILD AND NOW THE VEGAS BUILD. WHAT THE HELL WAS SR. THINKING?? I WOULD NOT RIDE THAT THING ANYWHERE EXCEPT IN THE DESERT OF IRAQ. AS FAR AS JESSIE JAMES GOES. HE BUILT THE SAME OLD THING HE ALWAYS DID. HIGH AND LONG UNCOMFORTABLE BIKE TO TAKE ON A ROAD TRIP. MAYBE JR. DIDN’T BUILD A DISTANT BIKE BUT IT SURE BEAT HIS COMPITITIONS BIKES FOR SURE.

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