Thursday, February 23, 2017
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Fisker Founders Sued Over Company Collapse

By DMO Affiliate
The woes of Fisker Automotive, the electric car startup that filed for bankruptcy late last year after a series of insurmountable problems, don't look like stopping any time soon. Investor group Atlas Capital Management LP is suing Fisker co-founder Henrik Fisker as well as several former directors over $2 million in losses it sustained when the startup went bankrupt. according to Bloomberg. Fisker misled Atlas over its financial status when the company invested in the electric automaker--including problems with Department of Energy loans and keeping secret a 2011 safety recall.
Fisker Founders Sued Over Company Collapse

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