Business Law
Oct. 5, 2026
Bike shipper claims 180 athletes' bicycles were held 'hostage'
TriBike Transport claims companies involved in shipping 180 athletes' bicycles home from a 2023 race withheld them for three months to collect disputed debts and gain leverage in investment negotiations.
A bicycle transport business claims companies involved in shipping about 180 triathletes' high-end bikes held them "hostage" for three months after a world championship to collect disputed debts and pressure the owners to surrender control of an affiliated startup, ultimately destroying the business.
In a lawsuit filed Thursday by James T. Ryan of Annigian Ryan LLP, TriBike claims Horizon Entertainment Cargo and related entities refused to release the bikes after they...
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