If some of you think that the legal battle between Paul Teutul Sr. and Paul Jr, is fake, made only to increase their TV show ratings, you need to read about the legal arguments that each party, via their respective lawyers, presented last week in a courthouse of White Plains, New-York
In January 2009, after a new on-air firework between Paul Sr. and Paul Jr., Senior fired Junior. To avoid a breach of agreement with the Discovery channel, owner of The Learning Channel, son and father signed a letter of agreement by which: “Junior shall extend to Senior, upon Senior’s request, an option to purchase all of his shares in Orange County Choppers Holdings, Inc. for fair market value as determined by a procedure to be agreed to by the parties as soon as practicable.”
In November 09, Paul Senior tried to exercise this option, but Junior refused under the argument that the language of the January 2009 letter lacked essential terms concerning the appraisal process and was merely an unenforceable “agreement to agree.” The legal battle continued last week with Senior asking Junior to turn over all his shares of OCC for an amount of $0.00. To know all what’s going on in the courthouse, read the report of an attorney named Peter A, Mahler who was present to hear oral arguments of both parties
These to are both idiots… but anyone that has turned on that show knows Sr. thinks his company is the best out there (laughable). If that is the case and he says Jr.’s shares are worth nothing wouldnt it stand to reason his company is comletely worthless!!!!! Just like the crap he builds and calls cutting edge.
Senior should just wait.
The company is losing value by the minute and in a couple years will probably be on the verge of bankrupcy and he won’t have to pay Jr. a dime. If I were Jr. I’d be looking to settle asap. An appraisal now would certainly be higher than one a year or two down the road.
The briefs are interesting reading. This is certainly not a “made for tv” family dispute, it’s the real deal. Looks like Junior stands a chance to learn one of life’s hard lessons.
THE ONLY ONE WHOSE MAKING OUT IS THE SHARKSKIN SUITS, THEY WILL ARGUE FOR A LONG TIME WHAT FAIR MARKET VALUE WAS ON THE DAY OF THE HAND WRITTEN AGREEMENT BETWEEN SR. AND JR….WITH CREATIVE ACCOUNTING AND SR. HAVING HIS OWN LAWYER WHO WORKS IN HOUSE..PAUL JR. WILL DEFINELTEY LEARN A LIFE LESSON..LAWYERS WILL ALWAYS WIN..PLAINTIFFS AND DEFENDANTS ALWAYS LOSE
What a mangled web (bike) they cleave.
WOW-four comments is all those dopes deserve,remember the teutul’s were found by chance.The only thing they offer is complete disfunction as a family and an embarrasment to television.Builder’s,I hardly think so.Moral to the story, al the money in the world can’t help this family!
joksters
Heh heh, I’d still trade places with either of them for about 30 days 😉
Who’s motorcycle was depicted on the Tee-Shirt Jr wore in court?
Senior has a history of being creative with the numbers- just ask the IRS….
Don’t blame the lawyers. What I find ironic is that, in their attempt to avoid a lawsuit with Discovery, Sr. and Jr. rushed to get their “agreement” documented and ended up in a lawsuit of their own. Smart, huh? You can’t blame the lawyers for the way Sr. and Jr. are wired or how they behave. Sr. and Jr., as clients, have the power to settle their differences anytime they want and without the need for lawyers or protracted litigation. Although it does seem that due to their personal history and apparent unwillingness to speak to each other, the only way any issue between them can get resolved is through others, such as……lawyers. Who’s fault is that? Whether or not they can be fair with each other is, again, not on the lawyers, but on themselves.
Cowboy ….. spoken like a true attorney! LOL
Over & Out,
Jeff
What can I say……
Since these two have so much passion they should team up and fight against all the damn cars polluting the world.
Can’t we all just ride motorcycles? Trikes are ok! Even quads would work.
Amanda,
The bike on Jr’s shirt is Ian Barry’s Falcon Motorcycle. The way the story goes is Jr. paid some genius to create a shirt for his shop and he put the best looking motorcycle he could find on it and of course, it isn’t one of Jr’s!
Somebody saw it and ratted him out to Ian. Ian in turn contacted them and told to stop producing and selling the shirts, which he did.
who really cares?
I’m with Woody! Pack my pockets, shut the doors, retire in Tahiti!
Amanda… I got your joke! LOL!!!
Amanda. Just to impress the judge heard that jr. was wearing a Cyril Huze shirt with his bike “Kiss My Wheels”
Daddyeo. It’s not the true story. You don’t know.
Daddyeo –
I think Amanda is aware of that situation and was being a smarta$$.
I love it, Amanda!! Very funny 🙂
What fools , it’s kinda funny watching them flame-out ! I wonder what that big fancy OCC bldg. will become when it is vacated !?! Wal Mart of the future , ha ha ! Or maybe a legal practice hdqt. !!!
PEZ BIKE ……………………………….
Could it be that sr wanted to lock up jrs shares in a legal battle so jr couldn’t sell them off ?????
What’s interesting os the Jr. is a minority shareholder so a simple Board meeting and director’s resolution might have avoided all this in the first place. Obviously valuing shares for $0 suggests all of OCC is worthless, so it begs the question whether owning 80% of something worthless is better than owning all of something that is worthless. By the same measure, would offering more than $0 afford Jr. the opportunity to purchase Sr.’s shares.
But, this is a family business and relatives try and buy each other out for as little as possible. It’s not just a lawyer’s game at this point, it’s a bookkeeping and tax matter. I can only imagine. Sr. was trying to maximize some tax losses for 2009.
I also can’t believe I actually bothered posted something about these morons.
Wow! Boy oh boy, I keep getting reminded why there is so many Flavor’s of Ice Cream. I actually saw a Watermelon Flavor! Can you imagine Watermelon Flavored Ice Cream, YYYeeccchhh ! I tried Watermelon Flavored Popsicles and they were great. I am still wondering If the Guy who won the Dumb Race from Key West, ever got paid? Did the Chief and Bob White ever split the Purse?@#$%$#$%
A bigger question is how long will Jr’s HOT wife stick with him?
I think both of these guys are nothing more than bottom of the barrel feeders that lack any semblance of class, ethics, morals, or professionalism.
I could never imagine allowing $$$$ to come between me, my children or family. This entire mess says so much about the character, or lack thereof, of both Sr. and Jr.
Further, in my humble opinion, the Discovery Channel/Learning Channel should be ordered by the court to pay an FCC fine equal to the final determined value of Jr’s stock for airing this bullshit. Maybe this would end the OCC crap once and for all.
Again, just my opinion.
Over & Out,
Jeff
Incest.
Sr. must have molested Jr.
The only conclusion I can come to…
Jeff i agree and cant these lower than a snake belly low lifes just go away????????
man 2010 and these guys are like Lazarus in the bible……
they along with that Eliot Spitzer on cnn are living proof americans just love seeing shit on tv !!
Jeff speaking of idiots, one thing you tell about about Brett Favre is that he is not Jewish LOL
THIS IS BULL JUST LIKE THE SHOW,, WHO CARES IF THEY PLAY GOLF OR BASKETBALL ON A SLOW DAY ALL THEY ARE TRYING TO DO IS GET UP THE RATINGS
I wish they would just go away!
Eh, Sr is just bipolar, screwed up on either the drugs he used to take for fun, or the ones he takes now to maintain the pump…… Sad part will be 10 yrs from now, when he’s sitting in that nursing home, because no one wants to change his crazy diaper, and my taxes paying for his Medicaid…… Karma is a wicked bitch, dude.
More publicity for the turtles. Who would sue their kid or dad? What a screwed up deal. I think Mikey ought to sue both of them for being overweight, makes just as much sense.
Sr’s side. His spoiled little brat my learn he’s not all that he thinks he is.
why are any of us even commenting on this , do we really give a rats ass, most of us cant even afford their bikes anyway, yeah for a while it made for something bike guys wanna watch, but soon as it started becoming a v-twin soap opera I stopped watchin it, they made big money ,they both got bigger heads & ego’s & now their in court “WOW” who cares, I think I’ll go watch Sons Of Anarchy now, at least for now it’s still decent to watch….
YADA,YADA,YADA!!! Money is the root of all evil. Thank God I never had that problem. I’ve been low budget since I was born, never got the brass ring even though I’ve been trying. But if this is what you get when you get it, no thanks! I’ll just keep dumpster diving an’ be happy doin’ it. Anybody got a dime!! Wiz
Bloody boring… both morons!
I think the comment about the t.v show are okay to comment about, but to comment about someones family are just a tad personal don’t you think. I’m sure everyone here are adult and mature enough to rise above the need to look like a bitchy teenager. If I was forced to choose a side I’d pick sr, as I think jr is abit of a pre-madonna. You got to give them something….everyone here sounds like jelleous green envy eyed desperados… You may not like their bikes, but thet made millions going from building in their bacement to that multi million dollar building. I like the show, I’m not keen on most of their bikes, I prefer stuff like billy lane and jesse james have built. but none the less I’d rather watch a show aboout bikes on an evening, than some of the utter shite my wife watches. nuff said..
To all you guys that say you don’t care about whats going on between these two “idiots” look at how many posts are on this topic versus all the others combined…if you really dont care, don’t read or comment…it will “all go away”
And yet you feel compelled to add to it.
You know what kills me about this deal….Grandma Teutul…….she gets to see her family get torn apart because of money. She’s such a sweetheart….I hate it for her more than anyone.