Bankruptcy,
Administrative/Regulatory
Oct. 28, 2024
Fisker's final drive: bankruptcy judge clears liquidation path, but SEC investigation looms large
A Delaware bankruptcy judge has confirmed Fisker Inc.'s chapter 11 plan, marking the end of its troubled operations. The plan preserves the SEC's regulatory powers and requires the debtors to maintain their books and records amid ongoing investigations.
Annie Y. Stoops
Associate, ArentFox Schiff LLP
On Oct. 16, Delaware bankruptcy judge Kevin Gross confirmed the chapter 11 plan of electronic-vehicle startup Fisker Inc. (formerly known as Fisker Automotive), approving the Debtors' plan for liquidation of assets for benefit of creditors and marking the end of the company's troubled operations.
Confirmation required the Debtors to address the U.S. Securities and Exchange Commission's plan objection filed earlier this month that revealed the Debtors wer...
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