Electric motorcycle company sues NJ co-founder

Dec 30, 2013

A New Jersey man who co-founded a company that makes high-end electric motorcycles that Time magazine calls one of the top inventions of 2013 is being sued by the company over stock shares.

New Jersey resident Vincent Ip co-founded Mission Motorcycles of San Francisco.

Ip was terminated in November for what the company's lawsuit calls unprofessional behavior including physical threats.

The company claims a stock purchase agreement gives it the right to buy back most of Ip's 300,000 shares of stock. But the suit says Ip claims the agreement is invalid because he signed it under duress.

An attorney representing Ip says that he rejects the 's claims and plans to countersue.

Explore further: China's Xiaomi raises more than $1 bn in funding

3 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Google buying Global IP for $68.2 million

May 18, 2010

(AP) -- Google Inc. is buying Global IP Solutions Holding AB for $68.2 million in cash in a move to expand its Internet video and audio offerings, the companies said Tuesday.

Recommended for you

China's Xiaomi raises more than $1 bn in funding

9 hours ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.