Electric motorcycle company sues NJ co-founder

December 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: Google buying Global IP for $68.2 million

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

Auto, aerospace industries warm to 3D printing

August 25, 2016

New 3D printing technology unveiled this week sharply increases the size of objects that can be produced, offering new possibilities to remake manufacturing in the auto, aerospace and other major industries.

0 comments

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.