Dahon Files Lawsuit Against Tern

Dahon Curve D3

For those folding bike fanatics who are following the Dahon/Tern saga (more here, here, and here), as was expected, Dahon has filed a federal lawsuit against Tern. From the Dahon press release:

Duarte, California, July 21, 2011 – Dahon North America Inc. (“Dahon”), the world leader in folding bicycles, today announced it has filed a federal lawsuit in the United States District Court for the Central District of California against two former officers (Joshua Hon and Florence Hon) and their unlawfully competing businesses (Mobility Holdings, Ltd. and Tern Bicycles).

Dahon sued Joshua Hon and Florence Hon for wrongfully seizing control over Dahon’s Taiwan subsidiary (Dahon and Hon Industrial Labs, Ltd.) and related Dahon intellectual property, including the Biologic brand and the dahon.com website, and for using those assets and property to unfairly compete with Dahon. In addition, since Joshua Hon and Florence Hon started competing with Dahon while officers and employees of Dahon, they have acted in breach of their fiduciary duties owed to Dahon and to Dahon’s shareholders.

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