Following Fisker, Your Credit Bid Rights May Be Impaired

Law360, New York (April 24, 2014, 10:11 AM EDT) -- Fisker Automotive Holdings Inc. filed for bankruptcy in November 2013 hoping to have a preplanned sale of substantially all its assets to its principal secured lender, Hybrid Tech Holdings LLC, approved within just two short months. The asset purchase agreement provided that Hybrid would credit bid $75 million to purchase substantially all the debtor's assets in a private sale. The Official Committee of Unsecured Creditors opposed the private sale to Hybrid. The committee instead secured an alternative bidder, Wanxiang America Corporation, and proposed an open auction. Both the committee and the debtor questioned the extent and validity of Hybrid's secured claim....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!