Auto parts maker said allowing the lawsuits to proceed would jeopardize its restructuring efforts.
Japanese auto parts says allowing them to proceed would seriously jeopardize its restructuring efforts.
The Chinese auto-parts conglomerate beat out Hybrid Technology, which is led by Hong Kong billionaire Richard Li.
Bankruptcy judge Kevin Gross refused to accept Hybrid’s plan to use $75 million it says it’s owed as Fisker’s senior secured lender as a credit bid for Fisker’s assets.
That’s music to the ears of Delaware politicians, who announced with great fanfare in 2009 that Fisker would revive vehicle production.
Rice trader invents a US bank, claims to buy it and is exposed by the media.