Moltz says he purchased the guitar in June 2014 from someone who bought it from Sheldon Reynolds, ex-husband of Hendrix's adopted sister, Janie Hendrix. McPherson says Reynolds, a former member of Earth, Wind, and Fire, stole it.
"The guitar is priceless to our family," Janie said in an email. She is the CEO of Experience Hendrix. "It is one of the few guitars that came home after Jimi passed away. We just want our guitar returned safely and back where it belongs."
Tucson-based lawyer Todd Jackson is representing Moltz. "My client purchased the guitar in good faith from a private seller, without knowledge of competing claims of ownership," he said.
1967: Guitarist Jimi Hendrix performs onstage with his Fender Stratocaster electric guitar in 1967. (Photo by Michael Ochs Archives/Getty Images)
UNITED KINGDOM - JANUARY 01: Photo of JIMI HENDRIX EXPERIENCE and Jimi HENDRIX; posed, smoking cigarette (Photo by Jan Olofsson/Redferns)
UNSPECIFIED - JANUARY 01: (AUSTRALIA OUT) Photo of Jimi HENDRIX EXPERIENCE and Jimi HENDRIX and Mitch MITCHELL and Noel REDDING; L-R: Noel Redding, Jimi Hendrix, Mitch Mitchell - posed, studio, group shot of the Jimi Hendrix Experience (Photo by GAB Archive/Redferns)
UNITED KINGDOM - JANUARY 01: Photo of Jimi HENDRIX; performing live onstage playing guitar with teeth (Photo by Petra Niemeier - K & K/Redferns)
UNITED KINGDOM - JANUARY 01: Photo of Jimi HENDRIX; posed, looking to camera, headshot, smoking cigarette (Photo by Petra Niemeier - K & K/Redferns)
MONTEREY, CA - JUNE 18: Guitarist Jimi Hendrix caught in a candid moment at the Monterey Pop Festival on June 18, 1967 in Monterey, California. (Photo by Michael Ochs Archives/Getty Images)
MONTEREY CA - JUNE 18: Jimi Hendrix performs onstage at the Monterey Pop Festival on June 18, 1967 in Monterey, California. (Photo by Michael Ochs Archives/Getty Images)
Portrait of Jimi Hendrix from 1968.; (Photo by King Collection/Photoshot/Getty Images)
SACRAMENTO, CA - SEPTEMBER 15: Rock guitarist Jimi Hendrix performs onstage with his Fender Stratocaster electric guitar in front of an American Flag on September 15, 1968 in Sacramento, California. (Photo by Larry Hulst/Michael Ochs Archives/Getty Images)
TORONTO - MAY 3: Rock star Jimi Hendrix poses for a mugshot after his arrest for narcotics possession at Toronto International Airport on May 3, 1969 in Toronto, Ontario, Canada. (Photo by Donaldson Collection/Michael Ochs Archives/Getty Images)
NEW YORK - JANUARY 28: Jimi Hendrix performs at the Felt Forum on January 28, 1970 in New York City, New York. (Photo by Walter Iooss Jr./Getty Images)
(GERMANY OUT) Hendrix, Jimi - Musician, Rock music, USA - 'Love and Peace Festival' in Fehmarn/Germany (Photo by Feddersen/ullstein bild via Getty Images)