Fisker Group Inc.
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July 09, 2024
EV Co. Fisker To Get OK For Week's Worth Of Cash In Ch. 11
A Delaware bankruptcy judge on Tuesday said he would give electric-vehicle maker Fisker Group Inc. approval to use cash collateral for another week in its Chapter 11 case after the debtor reassured unsecured creditors regarding limits on committee fee reimbursements.
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July 08, 2024
Judge Jones To Be Deposed, Giuliani Seeks Ch. 7 Conversion
The ex-Texas bankruptcy judge whose undisclosed romance with a former Jackson Walker LLP partner sparked an ethics scandal and efforts by the Office of the U.S. Trustee to recoup some $13 million in fees will be deposed; Rudy Giuliani can no longer practice law in New York and asked to convert his personal Chapter 11 bankruptcy to a Chapter 7; and the U.S. Supreme Court's monumental ruling in Purdue has opened questions about other high profile Chapter 11 plans and the authority of bankruptcy courts.
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July 03, 2024
Fisker Seeks Quick $46M EV Fleet Sale In Ch. 11
Electric-vehicle maker Fisker asked a Delaware bankruptcy court to consider a $46.25 million sale of its remaining vehicle fleet on shortened notice, saying that quickly closing the transaction will help the company address its liquidity crunch.
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June 25, 2024
Meet The Lawyers Powering EV Startup Fisker Group's Ch. 11
Electric-vehicle maker Fisker Group Inc. petitioned for bankruptcy in Delaware last week with some $854 million in funded debt, saying market and macroeconomic headwinds drove it to Chapter 11. Fisker has tapped a team of restructuring professionals at Davis Polk & Wardwell LLP and Morris Nichols Arsht & Tunnell LLP as it hopes to quickly sell its EV fleet.
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June 24, 2024
Giuliani Trustee Sought, Eletson Has 3 Plans Up For Vote
Rudy Giuliani's creditors urged a bankruptcy court to appoint a trustee to oversee his finances, while the creditors of shipping company Eletson Holdings will be asked to choose between three competing Chapter 11 plans, and nearly all of biotechnology firm NanoString's creditors will be paid in full.
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June 21, 2024
EV Maker Fisker Heads To Fleet Sale With 1 Week Of Cash
A Delaware bankruptcy judge on Friday gave electric-car producer Fisker permission to use its cash for the next week as it tries to sell off the vehicles it still has, but shot down a lender's demand for a claim on possible future clawback proceeds as security.
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June 18, 2024
Electric Vehicle Startup Fisker Hits Ch. 11 With Sale Plans
Electric vehicle company Fisker Group Inc. has petitioned for Chapter 11 protection in Delaware bankruptcy court with more than $100 million of debt, months after the collapse of a potential partnership with a major automaker imperiled the startup's attempts to raise new financing.