Saturday, October 27, 2012

Fisker Desires Court to Delay A123 Bankruptcy Auction

Fisker Automotive Inc., a closely held startup carmaker led by auto designer Henrik Fisker, asked a bankruptcy judge to delay the auction of U.S. electric-auto battery maker A123 Systems Inc. (AONE)
“A hurried sale procedure will be damaging to the estates and deprive creditors of value that might be realized by way of greater and better gives,” Gregg Galardi, a Fisker attorney, mentioned in court papers filed these days in Wilmington, Delaware.
Fisker, based in Anaheim, California, also

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