Don Buchla, right, is taking the current owners of the Buchla Electronic Musical Instrument brand, Audio Supermarket Pty., to court.
According to a report by Fact:
Buchla alleges he was promised $440,000 for the sale of the company, but has been paid less than $110,000 so far. It also alleges that the defendants breached the Asset Purchase Agreement of Buchla & Associates by “failing to use reasonable business efforts to reach sales targets.”
The lawsuit is attempting to regain the original company’s assets, intellectual property and confirmed purchase orders back to Buchla, as well as seeking compensation for damages.