Fisker Creditor Blasts Committee's Move To Probe Liens

Law360, Wilmington (March 3, 2014, 7:09 PM EST) -- Hybrid Tech Holdings LLC, senior creditor and unsuccessful suitor of bankrupt Fisker Automotive Holdings Inc., objected Sunday to unsecured creditors' expedited bid to challenge the perfection of Hybrid Tech's liens, saying the issue should not be taken up on short notice.

Shuttered electric carmaker Fisker won approval from a Delaware bankruptcy judge last month for a $149.2 million sale to a unit of China's Wanxiang Group Corp, which beat out Hybrid Tech at auction. The official committee of unsecured creditors filed a motion Feb. 28 renewing...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.