Wednesday, 13 August 2008

Former Blink-182 bassist sues over bad investment

SAN DIEGO �

Former Blink-182 bassist Mark Hoppus sued a father-and-son commercial enterprise Monday, alleging they pocketed his investing in a venture to install machine-controlled checkout machines at McDonald's restaurants.


The cause in San Diego Superior Court says Ed and Jeff Mitchell lined their pockets "to the tune of over $1.5 million." It alleges their company - Missicom LLC of San Diego - does non have any contracts to install the machines to take orders and collect payments at McDonald's or anywhere else.


Hoppus, currently a member of the pop-punk band Plus-44, invested $600,000 in Missicom in October 2003, according to the complaint.


The lawsuit says the Mitchells raised near $3.4 million and solicited millions of dollars from "large, well-known figures."


Hoppus' attorney, Howard King, said in a news going that other investors included golfer Phil Mickelson and former Blink-182 members Tom Delonge and Travis Barker. After Blink-182 disbanded, Hoppus and Barker formed Plus-44.


The lawsuit alleging gross neglectfulness and falling out of fiduciary duty seeks unspecified indemnification against Missicom and the Mitchells. It amends a complaint that Hoppus filed in 2006 against former business manager Louis Tommasino over the soured investing, which is scheduled for trial Sept. 8.


Attorneys for Missicom, the Mitchells and Tommasino did not immediately respond to phone messages.










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