You ask me all the time what’s going on regarding the lawsuit and counter-lawsuit between OCC/Paul Teutul Sr and PJD/Paul Teutul Jr. and the status of the Orange County Choppers headquarters’ building.
First, all lawsuits between the parties have been settled. The settlement being confidential with no parties able to disclose the terms, you will never get any details regarding its content. It seems that the famous Black Widow bike was part of the negotiated package and went from OCC to Paul Jr.
Observers tell me that both parties feel great about putting behind them all financial disagreements, that relations between father and son are less tense but of course that things will never be the same again in the family.
OCC building foreclosure process is in process after all discussions to renegotiate the terms of the loan failed between Paul Sr. and the bank holding the mortgage. The OCC business is not at risk to be foreclosed. The bank will foreclose on the building – the only collateral – not on the business. Because Paul Senior owns all the property around the current headquarters, he is going to build a new property to house OCC at the top of a hill close by the current headquarters. Work should be completed at the end of the year.