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Fisker has one major objector to its Ocean SUV firesale
Fisker Fisker (US:FSR) TechCrunchยท2024-07-15 19:28

The objection to the sale comes from the office of the U.S. Trustee, an arm of the Department of Justice that oversees the administration of bankruptcy, with the stated mission of promoting "the integrity and efficiency of the bankruptcy system for the benefit of all stakeholders." A hearing is scheduled for Tuesday morning where the parties will make arguments in front of a Delaware Bankruptcy Court judge, who will likely decide whether or not to approve the sale. Fisker says it needs the sale to go throug ...