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- Title
FISKER AUTOMOTIVE PUTS THE BRAKES ON DISTRESSED INVESTORS' RIGHT TO CREDIT BID.
- Authors
SHALHOUB, PAUL V.; FORMAN, DANIEL I.
- Abstract
The article discusses the U.S. Bankruptcy Court for the District of Delaware's ruling in the case In re Fisker Automotive Holdings Inc. which deals with American Judge Kevin Gross' approval of the sale of the Fisker Automotive Inc. company to the Wanxiang America Corporation automobile parts firm as of February 19, 2014. According to the article, Judge Gross also capped the credit bidding rights of secured creditor the Hybrid Tech Holdings LLC company. The U.S. Bankruptcy Code is examined.
- Subjects
KARMA Automotive LLC; DEBTOR &; creditor; AUTOMOBILE industry mergers; CORPORATE bankruptcy lawsuits; WANXIANG America Corp.; UNITED States. Bankruptcy Court (Delaware); GROSS, Kevin; HYBRID Tech Holdings LLC; FINANCE; POLITICAL attitudes; ACTIONS &; defenses (Law)
- Publication
Banking Law Journal, 2014, Vol 131, Issue 4, p354
- ISSN
0005-5506
- Publication type
Article