Confederate Motorcycle leaving Birmingham to return to New Orleans
Confederate Motorcycle, which was welcomed to Birmingham after fleeing New Orleans in the wake of Hurricane Katrina, plans to return to the Crescent City.
Quote from the article:
Quote from the article:
The maker of handmade $100,000 motorcycles said in a lawsuit filed this month that is has been offered a low-interest loan of $750,000 by New Orleans, from which it had fled in 2005 after the disastrous hurricane made the area uninhabitable. Now, the company is in a dispute with a board member who has opposed the loan, the launch of a new, lower priced model, and the relocation to New Orleans. Confederate sued that director, New York's Francis-Xavier Terny, in U.S. District Court in Birmingham, after he resigned from the board this month. The suit says Terny has breached his duties as a director and sales consultant, and is attempting to deadlock the company. But for folks in Birmingham, the alarming part of the lawsuit is about "the return of the corporation to its original principal place of business, New Orleans," and plans to assemble a new, lower priced, higher production motorbike in the Crescent City. It's a bit of an about-face. The company was homeless for a good bit, camping in Shreveport and Pittsburgh before real-estate baron and motorsports enthusiast George Barber offered a year's free rent in one of his downtown buildings. But good wishes aren't paying the bills, and New Orleans wants the bike maker back, according to court filings. |
