The Discovery Channel’s popular show “American Chopper” showcased a father and son as they ran a custom motorcycle business in Orange County. The show was one of the network’s most viewed, and the business — Orange County Choppers — became even more successful.
Then, Paul Sr., the father, fired Paul Jr., his son, setting off a shareholder dispute that ultimately ended up in the New York court system. Although Paul Jr. was fired, he still had a 20% share of the business. Paul Sr. took him to court to force him to sell his 20% interest at a price to be determined by the court. Paul Sr. won, but Paul Jr. ultimately won on appeal. The two men later settled the case out of court.
Of course, all of this behind-the-scenes drama was moved in front of the camera in order to pull in more ratings — and it worked.
If a shareholder dispute can tear apart the relationship between a father and son, think about what it can do to your business. When you start your business endeavor, you may not be thinking about what might happen if you and your partner decide to part ways. However, when putting together a business plan, you must prepare for all scenarios.
We have the expertise and experience to mediate shareholder and partner disputes. We always first seek a settlement advantageous to both parties, using our arbitration and mediation skills. However, we are not afraid to go the litigation route if necessary in order to protect your rights.