Fisker Group Inc.
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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.