Yesterday, RideApart broke the news that Damon Inc., which was formerly Damon Motors, the all-electric motorcycle startup out of Canada, was being sued by multiple sources and was down to just 11 full-time employees. There was a lawsuit involving back rent by its landlord in Canada, a lawsuit from investor Andy DeFrancesco, and the company's 10-K filing stating that it had 13 employees in total, including two contractors.
It also had a bunch of debt, little to no revenue, no production schedule for its promised 200 mph, 200 miles of range electric superbike, and about half of those employees were executive-level leadership, the latter of which are important as they're all named in the last big lawsuit we're here to discuss today.
See, while the other two lawsuits have big implications for the company, the one brought by Damon's co-founder and former CEO, Jay Giraud, is the messiest of them all, and revolves around what Giraud believes to be his rightfully owed separation package when he was forced out of the company last year. Damon, for its part, has denied it's done anything but deliver what Giraud and the company agreed upon, but that's not what the founder thinks, hence the lawsuit.
