The company is involved in a legal battle between co-founders, Mark Seeger, who is the current CEO, and Vincent Ip, a co-founder terminated from the company in November 2013.
North Jersey news on the legal troubles:
Seeger’s letter about the company’s troubles was filed in connection with a pair of suits involving Ip. Mission Motorcycles filed a suit in December 2013 claiming Ip signed a stock restriction agreement that allowed the company to buy his shares if he left the company. The company terminated Ip in November 2013.
Ip, in a counter-suit filed in February, says he was duped into signing the agreement by Seeger.
The court in May ruled that Mission Motorcycles’ attorney, Lowenstein Sandler of Roseland, could withdraw from the case because Mission Motorcycle was not paying its bills. And Seeger, in his letter, said he had not found a replacement by the court-imposed deadline last month because of the company’s woes.
Until recently, the company was working on two diferent motorcycles: Mission RS, a racing bike. and Mission R, a street bike (see picture above).
The company also worked on Harley Davidson’s electric motorcycle project; LiveWire.
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