Red Bull GmbH and Red Bull North America Inc have decided to stop the Red Bull Stratos programme with immediate effect.
Felix Baumgartner had been scheduled to undertake a stratospheric balloon flight to 36.5km and attempt a freefall jump that would, for the first time, reach supersonic speeds, as well as deliver valuable scientific data.
Despite the fact that many other people over the past 50 years have tried to break Colonel (Ret) Joe Kittinger's altitude record, and that other individuals have sought to work with Red Bull in an attempt to break his record, Daniel Hogan claims to own certain rights to the project and filed a multi-million-dollar lawsuit earlier this year in a Californian court.
Red Bull has acted appropriately in its prior dealings with Mr Hogan, and will demonstrate this as the case progresses. Due to the lawsuit, we have decided to stop the project until this case has been resolved.