Fisker Seeks More Time To Finalize Ch. 11 Plan

Law360, New York (May 1, 2014, 4:46 PM EDT) -- Fisker Automotive Holdings Inc. on Wednesday sought more time to finalize its Chapter 11 plan before a judge considers sending it to creditors for a vote, saying that even with a $150 million sale to Wanxiang Group Corp. in place, certain creditors are still not quite on board.

The bankrupt electric-car maker said in court filings that it wants to push out a May 6 hearing to consider its disclosure statement that is distributed to creditors for voting purposes to May 20. The plan rests largely...
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