I wonder if this has any implications for Trek continuing to sell LeMond bicycles? If so, I wonder if LeMond as a line would even continue to exist ... seeing as how they are pretty much 100% Trek bikes with a different label on them.
Trek sues to end collaboration with bicyclist Greg LeMond
Trek Bicycle Corp. is ending its 13-year collaboration with three-time Tour de France winner Greg LeMond.
The Waterloo bike manufacturer has filed suit in U.S. District Court in Madison to sever the relationship, Trek president John Burke told company employees and reporters, in separate conference calls Tuesday. He said the lawsuit came in response to a 41-page complaint by LeMond, served to Trek on March 20 and expected to be filed in U.S. District Court in Minneapolis. It is similar to a complaint LeMond issued against the company in 2004 and is "filled with information and allegations that are immaterial to the business agreement," Burke said.
"We had high hopes for our partnership with Greg and we are sorry it has come to this," Burke said. "But this troubling pattern of inconsistent business dealings forced us to do this, for the sake of the Trek family — our retailers, employees and customers."
No Trek employees will lose their jobs as a result of the move, Burke said. Of 1,600 employees worldwide, nearly 1,200 are in the U.S., primarily at Trek operations in Waterloo and Whitewater.