Fisker Fights A123's Bid To Terminate Battery Contract

Law360, Wilmington (October 30, 2012, 9:15 PM EDT) -- Fisker Automotive Inc. on Tuesday protested A123 Systems Inc.'s request to reject its contract with the electric car company, saying the groundless motion would hurt Fisker while burdening the bankrupt battery maker's estate with a claim that could top $100 million.

According to the objection filed in Delaware bankruptcy court, terminating the exclusive agreement would not only deprive Fisker of the sole source of batteries for its Karma sedan, but would dampen the bidding at A123's upcoming auction and leave the company open to a massive...
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